Canadian Dollar Hits 1.0225, Three Year High

Running on a renewed high from the rising oil prices, the Canadian dollar appreciated against the American dollar to hit over 1.0225 USD cents to 1 CDN cent. The CDN dollar hit the three year high amidst turmoil in Northern Africa with the potential fall of oil-rich Libya who have reportedly stopped production to the … Continue reading Canadian Dollar Hits 1.0225, Three Year High

Canadian Dollar Set to Hit Par Again – Impact on Interest Rates

Why Higher Dollar Means Bank of Canada Can Keep Interest Rates Unchanged The Canadian dollar is on a tear, and some think that a correction is due, but over the longterm the CDN dollar is strong given the nature of the economy. Bank of Canada Governor Mark Carney has noted the trend but also considers … Continue reading Canadian Dollar Set to Hit Par Again – Impact on Interest Rates

Falling Dollar and slowing US Economy

User techy246 from our now defunct economics forum posted this question that had a few responses. We’re reposting it here in the blog for your view. 1. Since Europe exports to usa a lot, how can they let their currency keep going up?….is it possible that they are not using USD as the currency of … Continue reading Falling Dollar and slowing US Economy

50 Year Low for Canadian Interest Rate

The Bank of Canada announced today a drop in the interest rate to 1.5% which is the lowest in fifty years to 1.5 per cent this morning. The mark also represents the first time since the global economic slowdown began in September that the central bank has stated Canada is in a recession. However, the … Continue reading 50 Year Low for Canadian Interest Rate