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The Canadian dollar (CAD) is a commodity currency, for better or for worse. This means that global traders view its worth in terms of the commodities produced within the Canadian economy: gold, timber, silver, nickel, potash, wheat, natural gas and, of course, oil.
By far the most strong correlation with the value of the Canadian [...]
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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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Some readers have been asking about the prospect that a US-led hyperinflation would extend into Canada. The short answer is that it depends on how much of an economic bully the US administration is going to be to its trading partners. Unfortunately, Canada’s export trade is not very well diversified. We rely too much on [...]
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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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Congratulations! You’ve won a SSHRC or other scholarship from some Canadian entity in order to pursue your education in the U.S… the only problem now is…. your money is worth up to 30% less than its Canadian face value. Nice! You didn’t see that coming last year when we were able to solidly out-buy the [...]
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