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

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...

Canadian Dollar Update, November 17, 2022 – Canadian dollar takes a beating

USD/CAD Open: 1.3367-71, Overnight Range: 1.3307-1.3376,  Previous Close: 1.3328 WTI Oil open at $84.57 and gold open at $1,762.63. US markets are mixed today. For today, USD resistance is at...

Canadian Dollar Update, November 16, 2022 – Canadian dollar awaiting CPI

USD/CAD Open: 1.3248-52, Overnight Range: 1.3234-1.3305,  Previous Close: 1.3280 WTI Oil open at $87.07 and gold open at $1,782.12. 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...

Canadian Dollar Update, November 15, 2022 – Canadian dollar looking for direction

USD/CAD Open: 1.3271-75, Overnight Range: 1.3252-1.3324,  Previous Close: 1.3316 WTI Oil open at $85.06 and gold open at $1,776.78. US markets are higher today. For today, USD resistance is at...

Buying Property in Portugal as a Canadian

If your dream is to retire to Europe or have a holiday home there, buying a property in Portugal will be ideal. Foreigners like Portugal for its friendly community and...

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...