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

What is the Function of Currency Futures?

You might have come across the term currency futures but may not know what it entails. If you are a forex trader enthusiast, you may need to learn the basics...

What is the Purpose of the Interbank Market?

The interbank market is a global financial market for exchanging currencies. It is the largest and most liquid financial market globally, with over $5 trillion worth of currency changing hands...

How Does Managed Floating Exchange Rate Work?

Since the Great Recession of 2007-2009, many countries have been trying to find ways to stimulate their economy. Most of these countries use one strategy: managed floating exchange rate regimes. ...

What Is The Role Of The Minister Of Finance In Canada?

If you have conducted any research on the Canadian government, one of the questions that may have arisen is: What is the role of the minister of finance in Canada? ...

What is the Role of FINTRAC in Canada?

You may have heard of the term FINTRAC but may not understand what it entails. So, to understand what FINTRAC entails, this article will answer the following questions: what is...

What Are Traveller’s Cheques and How Do They Work?

You’ve probably heard of traveller’s cheques but may not have used them. A traveller’s cheque is among the many cashless methods of paying for services or goods. However, traveller’s cheques...

What Is a Currency Exchange Rate Peg?

A currency exchange rate peg is a financial arrangement in which a country’s government commits to maintaining the value of its currency within a specific range. The peg can be...

How Much Money Can You Bring into Canada?

If you are planning to travel to Canada or are a Canadian citizen going back home, you may have questions regarding bringing cash into Canada. You may be wondering: how...

Forex 101: What is a Quote and Base Currency

Terms like base currency and quoted currency make the currency market a vast and complicated system to fathom. Many new investors strive to have their way in the market and...

4 Practical Ways to Accept International Payments

If you run an international business or work with companies overseas, you may often wonder about the best way to accept international payments. Since there are many ways to receive...