Insights
Coronavirus now deemed to spread more easily
The Wuhan coronavirus that has killed at least 18 people and infected more than 650 spreads more easily from person to person than previously thought, according to a World Health Organization (WHO) official. They are now seeing second and third generation spread, third generation means that someone who became infected after handling animals at the […]
Learn More
By MoneyWay
Markets are now worrying about a new coronavirus
The outbreak of a new coronavirus stemming from Wuhan, China, has killed six people and afflicted nearly 300 others ahead of the Lunar New Year holiday during which hundreds of millions of people are expected to travel. Chinese officials have confirmed that it can spread between humans and said 15 medical staff have now been […]
Learn More By MoneyWay
U.S. holiday, markets are quiet
Today is Martin Luther King Day in the U.S. Markets are closed there, however elsewhere, markets are basically either side of being flat with traders waiting to see what the week brings. In terms of the Canadian dollar, analysts are waiting for the Bank of Canada on Wednesday, not will it issue its interest rate […]
Learn More By MoneyWay
Most currencies unchanged, waiting for the signing of U.S.-China phase one trade deal
While equities continue to move higher, most major currencies are in a holding pattern waiting for the trade agreement to be actually signed. Both sides have said they prepared to sign, but a lot can happen between now and then. China however has pledged to increase purchases of U.S. car, aircraft and energy products as […]
Learn More By MoneyWay
Oil falls below $60 USD level, slow Canadian housing starts, weaker Canadian dollar
Oil sank to the lowest level in a month after shedding all of its gains from the U.S.-Iran clash as traders waited to see whether any further hostilities will disrupt exports from the Middle East. Futures in New York declined as much as 1.6% Thursday after losing nearly 5% the day before as President Donald […]
Learn More By MoneyWay
Trump says Iran appears to be standing down
U.S. President Donald Trump said on Wednesday Iranian missile strikes on bases in Iraq had not harmed any U.S. troops stationed there and damage was minimal, an outcome he said showed Tehran wanted to de-escalate a standoff. U.S. and European government sources said they believed Iran had deliberately sought to avoid U.S. military casualties in […]
Learn More By MoneyWay
Visit us in-store for the best rate!
Where to Find Us
