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

Should You Be Using Your Credit Card Abroad?

When travelling overseas, you may consider using your credit card abroad to enjoy the convenience they come with. You won’t have to deal with multiple currency conversions every time you...

Is It Safe To Buy Foreign Currency Online

Whenever you want to buy foreign currency online, your number one priority should be the funds’ security. Many foreign currency providers claim to be the best on the market, and...

How to Trade Forex for Beginners

You’ve probably heard people earning thousands and millions of dollars through forex trading, and you wonder how it works. But, if you want to venture into the forex market, it’s...

How to Claim Foreign Tax Credit?

While Canadian residents are obligated to pay taxes on their global income, they can go for a foreign tax credit to reduce the taxes. That’s because the federal government of...

Foreign Direct Investment Opportunities in Canada

According to UNCTAD, the foreign direct investment in Canada amounted to 50 billion in 2019, a 16 percent increase compared to 2018. As a result, the Canadian FDI stock rose...

Different Emerging Market Currencies in 2021

The nations hanging between developing and developed countries are the emerging markets and use their emerging market currencies to trade. These countries experienced rapid economic growth in the past years...

4 Reasons to Avoid Dynamic Currency Conversion

You just got your passports, travel ticket, travel insurance, and credit card ready, but are you aware of dynamic currency conversion (DCC)? You probably are excited about the trip, but...

What Are Foreign Exchange Reserves?

Foreign exchange reserves are the foreign assets or currencies held by the central bank of a particular country. The respective central banks often use the reserves to back their liabilities...

Key Features of The Foreign Exchange Market

If you plan to exchange currency or trade on the foreign exchange market, it’s essential to understand its features. As the largest market in the world, the forex market facilitates...

How Well Does the Theory of Purchasing Power Parity Explain Exchange Rates?

With purchasing power parity, exchange rates between different currencies can be easy to calculate. It allows you to compare the purchasing power of various world currencies against each other so...