Insights

Apr 4, 2019
Canadian dollar unchanged, waiting for further news

U.S. stocks and Chinese stocks are both moving to 2019 highs, analysts believe that the U.S. and China are very close to some kind of trade agreement. Oil prices are unchanged, again waiting for the same outcome as stocks. Expect some volatility, but the range won’t be that wide. Currently             Close                     Range USDCAD               1.3345                   1.3345                   […]

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By MoneyWay
Apr 3, 2019
Currencies unchanged, stocks moving higher

Equities are moving closer to their highs of the year, as upbeat economic reports from China to Europe and renewed hopes for a Sino-U.S. trade deal attracted investors to riskier assets. President Trump’s top economic adviser Larry Kudlow told reporters, the U.S. and China are making “good headway” in trade negotiations but unready to reach […]

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By MoneyWay
Apr 2, 2019
Oil continues to move higher, Canadian dollar still weaker

Not even Bank of Canada Governor Poloz’s comments helped the Canadian dollar, he said policy makers will need to keep interest rates easier for now to help the economy adjust to lower oil prices and trade uncertainty. The governor expressed confidence the country will emerge from its current soft patch, though he was noncommittal on […]

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By MoneyWay
Apr 1, 2019
Oil prices move higher, Canadian dollar doesn’t

Oil rose as much as 1.9% as Chinese manufacturing data and fresh evidence of OPEC supply cuts fed into the bullish outlook for prices. Currently, West Texas Intermediate is trading at $61.18 USD a barrel, a gauge of Chinee factory activity saw its biggest increase since 2012, easing worries about the global economy. Meanwhile, OPEC’s […]

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By MoneyWay
Mar 29, 2019
Canada’s GDP grows unexpectedly, Canadian dollar stronger.

Canada’s GDP grew by 0.3 per cent in January, faster than the 0.1 per cent forecast in a survey of economists. The gains were broad-based outside of the energy sector and included the biggest one-month increase in construction activity in more than five years. Manufacturing output also surged. This glimmer of hope may allow the […]

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By MoneyWay
Mar 28, 2019
Trump wants OPEC to increase production, oil prices drop

Trump’s concerns that oil prices are moving too high, reiterated his call for higher production levels, it is safe to say that both Russia and OPEC will ignore his comments as both are in dire need of a constant flow of funds. He has made requests in the past which been heeded to an extent, […]

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By MoneyWay

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