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You may not have heard of this yuan yet – but the renminbi officially has a new, unofficial nickname – the “redback.” That’s right, it looks and sounds the way you think it’s trying to look and sound. Not only is the renminbi note red, but it’s got a picture of Mao on the [...]
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Predicting where the stock market will go in February might be a lesson in futility more than futurity, but that doesn’t mean we can’t pay close attention to what the analysts are looking out for – and other key pieces of market news such as earnings, announcements from the Fed, levels of consumer credit card [...]
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With the US dollar in a general bear market decline since about 2001, more and more speculation and trading is beginning to reflect lower expectations for the greenback as a result of the US Fed’s unprecedented levels of “quantitative easing” and fiscal stimulus.
This has Canadians enjoying the resulting higher values in the loonie and greater [...]
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If you’re driving up north over the border, you won’t be able to use your U.S. dollars in Canada. You will need to buy Canadian dollars. There are a few bordertown-type places (like the Windsor casino) that might take your U.S. dollars at par, but don’t count on it.
While the U.S. is Canada’s largest trading [...]
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Once again, the Canadian dollar is climbing back up towards parity with the greenback. Most recently, it closed at 92 cents on the US dollar. For Canadians, this is an excellent time to purchase US dollars ahead of any trips you might need to take south of the border. Many people simply wait until they [...]
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James W. Dean argues in today’s Financial Post (article here) that the Canadian dollar should be merged with the Greenback. Are you kidding me? That would be like handcuffing someone in a life preserver to a sinking boat. Moreover, Dean has long been an advocate of keeping the loonie separate. His lengthy three-page article [...]
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We thought the sub-prime housing bubble was bad, but recent signs are pointing to the next big bad bubble: long 30-yr US Treasuries. People are buying these treasuries like gangbusters right now if they’re buying anything at all, because at least you can get a 3% safe return on them, and they’re completely liquid.
But as [...]
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