Expert, money saving updates, forecasts & tips on the CAD exchange

Canadian Dollar Update, December 5, 2022 – Canadian dollar attempting to rally

USD/CAD Open: 1.3433-37, Overnight Range: 1.3387-1.3472,  Previous Close: 1.3472 WTI Oil open at $81.70 and gold open at $1,795.32. US markets are lower today. For today, USD resistance is at...

December 2022: FX Outlook

Economic Outlook and Summary November had a hawkish bias after a series of interest rate hikes by the Reserve Bank of Australia, Reserve Bank of New Zealand, Federal Reserve, and...

Canadian Dollar Update, November 28, 2022 – Canadian dollar roiled by risk aversion

USD/CAD Open: 1.3434-38, Overnight Range: 1.3397-1.3472,  Previous Close: 1.3381 WTI Oil open at $73.78 and gold open at $1,760.55. US markets are lower today. For today, USD resistance is at...

The Fundamentals of Deliverable vs. Non-Deliverable Forward Contracts

Understanding the principles of a deliverable forward vs. non-deliverable forward contract can help you leverage your investments in the foreign exchange market. Both are forward contracts but with different provisions,...

Canadian Dollar Update, November 18, 2022 – Canadian dollar underperforming

USD/CAD Open: 1.3329-33, Overnight Range: 1.3302-1.3351,  Previous Close: 1.3327 WTI Oil open at $81.47 and gold open at $1,765.04. US markets are mixed today. For today, USD resistance is at...

What is an Economic Risk, and Why Does It Matter?

Before starting a business or investing your money, assessing the significant economic risk in your investment area is essential. Economic risks affect businesses by lowering the currency’s value, affecting currency...

What is the Difference between Open Market and Interbank Rate?

When a bank takes a short-term loan from another bank, it pays back with interest depending on the interbank rate. Interbank rates also apply when financial institutions trade currencies with...

What is a Spot Transaction, and How Does It Work?

If you’ve just signed up for foreign exchange purchases and sales, you might have come across a new term: spot transactions. It is one of the many financial transaction methods...

Is It Safe To Buy Property in Costa Rica?

Before making your final decision to buy property in Costa Rica, you need to arm yourself with the relevant information to complete your purchasing seamlessly. The country is famous for...

Money Order vs. Bank Draft: What’s the Difference

When choosing a mode of money transfer, Canadians should compare money order vs. bank draft. Although these standard payment instruments seem similar, they have differences.  A bank draft is a...