One of the world’s most influential investment banks says betting that the loonie is going to fall is one of its best investment tips for 2014.
Read more: http://tinyurl.com/nxl8ggx
Tag Archives: currency
Virtual currencies won’t replace cash, central bank says
The Bank of Canada waded into the debate over the prevalence of virtual currencies such as Bitcoins, saying in a working paper published this week it’s unlikely that such digital forms of payment will ever replace sovereign currencies.
Read more: http://tinyurl.com/q566zng
There Are Only Two Real Threats To The US Dollar’s Status As The International Reserve Currency
The U.S. dollar is indisputably the world’s reserve currency.
Read more: http://tinyurl.com/l8q77he
GET LONG THE USD… FOR A LONG TIME!
The US Dollar surged higher last week…precious metals and commodities fell…US long term interest rates rose and the major US, European and Canadian stock markets all made new highs early in the week but then fell back…the Russell 2000 Small Cap Index had a Weekly Key Reversal Down.
Read more: http://tinyurl.com/lv5xvft
Bank of Canada, 5 other major central banks, make currency swap accords permanent
Six major central banks said on Thursday they would make their web of currency swap arrangements permanent as a “prudent liquidity backstop” in case of future global financial strains.
Read more: http://tinyurl.com/om59foy
Loonie has far to go before hitting its true 88-cent value, says economics group
OTTAWA — Canada’s loonie may have slid well below parity during the past few months, but it has room to fall before reaching it’s true value at under 90 cents US, according to a new measure on global currencies.
Read more: http://tinyurl.com/k5dqatt
C$ forecasts raised after Fed surprise, still seen weaker: Poll
The Canadian dollar is expected to lose ground against its U.S. counterpart in the coming months, though economists forecast the currency will be more resilient than previously anticipated given a less hawkish outlook for U.S. and Canadian monetary policy.
Read more: http://tinyurl.com/mwhjytx
ATMs that allow you to exchange cash for Bitcoins coming to Canada this fall
TORONTO – The first time Ryan Johnson bought Bitcoins — an emerging digital currency that isn’t controlled by any authority such as a central bank — was with a pocket full of cash from a stranger he had met online.
Read more: http://tinyurl.com/qdugz89
Central banker says withdrawal of U.S. stimulus to hurt loonie, hike interest rates, but benefit Canada long term
OTTAWA – The Bank of Canada’s John Murray says the withdrawal of monetary stimulus in the U.S. will have a negative impact on the loonie and lead to higher interest rates, but will be good for Canada in the long run.
Read more: http://tinyurl.com/qgypy7s
Government eyes regulation of ‘Bitcoins’
WASHINGTON — A Senate committee is investigating whether to establish regulations for online “virtual currencies” such as Bitcoins.
Read more: http://tinyurl.com/lumzp3h