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
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
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.
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The U.S. dollar is indisputably the world’s reserve currency.
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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.
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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.
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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
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
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
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.
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WASHINGTON — A Senate committee is investigating whether to establish regulations for online “virtual currencies” such as Bitcoins.
Read more: http://tinyurl.com/lumzp3h