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

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...

Understanding about Unclaimed Money in Canada

If you suspect you have unclaimed money in Canada, you can get it back. Financial products like Canadian-dollar bank accounts, paychecks, retirement funds, and security deposit refunds become unclaimed money...

Shipping for Small Business in Canada

Shipping for small business Canada can be overwhelming. Besides, goods delivery is the closest interaction businesspeople have with their buyers. So, delivering broken goods or failing to offer good customer...

Currency Hedged Vs. Unhedged: Know the Difference

Knowing the difference between currency hedged vs. unhedged ETF is crucial if you want to invest in exchange-traded funds (ETFs). Moreover, it helps international investors make sound decisions based on...

How to Spot a fake Canadian $100 bill?

Fake Canadian 100-dollar bills are in circulation, and as a result, most people fall victim to receiving counterfeit notes, which leads to significant losses. Besides, the circulation of fake notes...

How Much Money Can You E-Transfer

Did you know that there is an e-transfer limit? Interac e-transfer is a fast and convenient method that allows Canadians to send money from one bank account to another. It...

How Interest Rate Hike in Canada can Affect Canadian Dollar

As a Canadian citizen, knowing the effects of an interest rate hike in Canada helps you think about your borrowing. Interest rate is the money the borrower pays to the...