If you run a company with a global base of suppliers, partners, or customers, you have probably heard about the forward exchange rate. It is a vital financial tool that you can use to hedge currency exchange risks. How is the forward exchange rate determined? Exchange rates can have a significant impact on your currency […]
It is common for significant economies’ exchange rates to float. That leads to fluctuation of currency value under the foreign exchange market. Currency rates are influenced by various technical and essential factors frequently in a state of continuous change. If you are in the travel business, you’ll most likely get affected by the mutable currency […]
When travelling to a foreign country, you may be tempted to exchange your currency at the airport. However, exchanging your currency at an airport is not a good idea. While it may be convenient, it comes with hefty fees that make them a costly option. You’ll need to use the local currency when in another […]
Besides inflation and interest rates, foreign exchange rate volatility plays a crucial role in determining a country’s economic stability. Foreign exchange rates offer a reliable way to measure a country’s level of trade and if it’s suitable for business expansion. If you’ve exchanged currencies several times before, you realize that the exchange rates keep changing. […]
Foreign investors and international businesses are more vulnerable to foreign exchange risk due to exchange rate volatility. The foreign exchange rates can increase or decrease depending on inflation rates, interest rates, and terms of trade. If you’ve invested in foreign assets and make international money transfers frequently, it’s imperative to understand the various types of […]
So you’re finally thinking of opening a US dollar bank account for your cross-border needs. Well, you’re in luck: there are a number of options available to you. The big five Canadian banks all offer US dollar bank accounts. However, some offer better cross-border solutions than others in terms of breadth of service, ease of […]
If you are a Canadian who travels to the United States regularly or someone who just requires US dollars for paying bills or making purchases or you get paid in US dollars but live in Canada; then it’s in your best interest to open a USD chequing account in Canada. If you’re a Canadian snowbird […]
Earlier this month, the United States government announced a 25% and 10% tariff on steel and aluminum imports to the US respectively. The objective of the US government is to increase market share for steel and aluminum at home and increase employment in the industry, which could move the economy forward using an industry that […]
You want to make the most of your golden years and where you choose to live when you retire is one of the most important decisions. Many opt to move to warmer locales in Florida and Arizona, but there’s plenty of towns to live in retirement in Canada that will provide a high quality of […]
Are you looking to change banks or just exploring options because your bank charges monthly account fees, wants you to maintain a minimum balance and just doesn’t give you a large enough interest on your savings? If you answered yes to any one of the questions above, then look no further as Tangerine (formerly known […]
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