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

January 2023: FX Outlook

Economic Outlook and Summary It is a brand-new year, but the market will be dealing with the same old themes in the early part of 2023. The debate about when...

Canadian Dollar Update, January 4, 2023 – Canadian dollar rebounds

USD/CAD Open: 1.3546-50, Overnight Range: 1.3545-1.3678,  Previous Close: 1.3669   Risk sentiment improves ahead of FOMC minutes AUDUSD soars on China coal plans US dollar reverses Tuesday’s rally -AUD outperforms...

Canadian Dollar Update, January 3, 2023 – Canadian dollar dives to start 2023

USD/CAD Open: 1.3632-36, Dec30-Jan3 Range: 1.3525-1.3651,  Previous Close: 1.3546 WTI Oil open at $78.71 and gold open at $1,833.89. US markets are lower today. For today, USD resistance is at...

What is Functional Currency and Why is it Important

One of the essential things foreign investors and manufacturers should learn is the functional currency. It is primarily the currency the entity uses to pay for labour and other production...

How to Check Credit Score with TD Bank in Canada

As a TD bank customer, knowing how to check credit score TD is as essential as knowing how to send money. A credit score helps lenders to decide if you...

How Do I Transfer Money from RBC to Another Bank?

One of the first questions RBC customers ask is, “how do I transfer money from RBC to another bank?” knowing how to transfer money between accounts makes it possible to...

What Are the Pitfalls of Buying Property in the Dominican Republic?

The process of purchasing real estate property in your country might differ from buying property in the Dominican Republic. The Dominican Republic is one of the most visited countries in...

How to Cancel an E-Transfer as a CIBC Client

Once you become a client at CIBC, you should learn how to cancel an e-transfer CIBC. For example, sometimes you could get the wrong details of the recipient, send money...

What are the Major Causes of Currency Appreciation in Canada?

One of the major causes of a shift in a country’s economy is currency appreciation. It happens when a country’s currency increases in value compared to another state’s currency, which...

How to Send Money to Someone Without a Bank Account

Since most cash transactions are done online today, knowing how to send money to someone without a bank account is essential. Most of these money transfer methods are safe and...