Bank of Canada

Bahamas’ Currency Turns To Crypto To Benefit Its Citizens And Stimulate The Economy - Wilton Thornburg (15/08/2018)

August 15, 2018 Bahamas’ currency intends to expand into digital money. The Commonwealth of the Bahamas established the Bahamian dollar (BSD) as legal tender in 1966, replacing the British Pound Sterling (GPB). The Bahamian dollar pegs to the U.S. dollar (USD) on a one-to-one basis. The Central B ...

USD/CAD Canadian Dollar Rises as Risk Appetite Returns to Market

The Canadian dollar appreciated on Tuesday as the Turkish lira stabilized following a pledge from the Finance Minister to support the currency. Risk aversion fears had driven investors to seek the safety of the US dollar, but as lira concerns eases emerging markets took a breather. The market had a ...

How to get out of debt on a single income after a divorce

Q: My husband and I recently divorced. I’m having a hard time adjusting to the single life. When we were together, we had more money coming in, but now I’m renting a one-bedroom apartment, which costs me $1600, not including my hydro and internet. I’ve also got car expenses and my cellphone ...

Loonie hanging tough against the crosses, forget USD/CAD

CAD ‘bulls’ are looking to the crosses for some early week wins, especially GBP (£1.6766) and EUR (€1.4980) and will avoid the pain of the long dollar positions in this ‘risk off’ emerging market debacle. Demand for the U.S dollar does not look like slowing down any time soon and with th ...

ENB.PR.H To Reset At 4.376%

Enbridge Inc. has announced (on August 2): that it does not intend to exercise its right to redeem its currently outstanding Cumulative Redeemable Preference Shares, Series H (Series H Shares) (TSX: ENB.PR.H) on September 1, 2018. As a result, subject to certain conditions, the holders of the Serie ...

Dollar Higher as Risk Appetite Vanishes

The US dollar appreciated versus most major pairs on Friday. The Japanese yen outperformed the greenback as a safe haven, but all other major currencies suffered heavy losses during the week. Tense trade developments between China and the US and Friday’s drop in the Turkish lira dragged emerging ...

Good Employment Growth Hides Weak Details

The Conference Board of Canada’s Economist Cory Renner offers the following insights on today's Statistics Canada Labour Force Survey data release: Quote “Today’s Labour Force Survey release showed a strong topline employment gain; however, the underlying details painted a much less positi ...

USD/CAD Canadian Dollar Lower on Contagion Fears

Canadian Jobs Impress but Loonie Lower on Global Contagion Fears The Canadian dollar is lower on Friday. The USD/CAD is trading at 1.3083. Statistics Canada released a stronger than expected employment report with a huge gain of 54,100 jobs driving the unemployment rate down to 5.8 percent in July. ...

Reuters Poll Shows Loonie Rising But NAFTA a Question Mark

Canada’s dollar will rise over the coming year as the Bank of Canada hikes interest rates and higher oil prices become more supportive of the currency, a Reuters poll showed, but it will take a NAFTA trade pact deal to trigger more optimistic gains. The poll of more than 40 foreign exchange strat ...

USD/CAD Canadian Dollar Lower after Flight to Safety from Investors

NAFTA Optimism not Lifting Loonie The Canadian dollar is lower on Thursday awaiting employment data to be released early on Friday. The diplomatic row between Canada and Saudi Arabia continues as both nations are standing their ground. Oil prices have halted their skid as concerns on Iranian supp ...