Tips for Canadians Studying in the US or Abroad
If you often send money or make payments overseas from Canada, opening a foreign currency account in Canada can help you save thousands of dollars on transfer costs. It will also save you the time you would have spent looking for the best exchange rates. A foreign currency account works like any other bank account […]
Understanding the difference between fundamental vs. technical analysis is vital when planning to invest in the stock market. The two techniques help investors to assess their stocks and make informed trading decisions. However, they differ in many ways. Simply put, the fundamental analysis evaluates the financial and economic factors that influence a business. Conversely, technical […]
Something you should never forget as a forex trader is how to use the currency strength meter. There are many currency pairs on the forex market, and it can be pretty tricky to choose an option to trade. Thankfully, a currency strength meter can help you with that. With the help of a currency strength […]
Currency risk affects every business that operates internationally. So, if you run a global business or an investment that requires you to exchange currencies, an exchange rate risk should be one of your top concerns. Failure to manage the risks can cause losses. Due to currency volatility, many international businesses are exposed to currency risk, […]
The relationship between the interest rate and the exchange rate is a significant determinant of a country’s economic health. Moreover, exchange rates can influence a country’s level of trade, making it the most analyzed and manipulated economic factor. For years, economists and policymakers have debated how interest rates and exchange rates relate. However, it may […]
You’ve probably read about fiscal vs. monetary policy discussions on many platforms, and you might wonder how they differ. Since most economists keep throwing these two terms around, it’s vital to learn their differences. So, how do they work in the economy? Monetary policy refers to a central bank’s actions to fulfill macroeconomic policy goals, […]
According to CRA foreign exchange and tax rules, all Canadians must file tax returns for their income, including foreign exchange gains or losses. The foreign exchange gains are the capital gains on securities or cash you hold in foreign-denominated currencies due to foreign exchange rate fluctuations. So, they are subject to taxation by the CRA. […]
You’ve probably heard about the forex scalping strategy, but you don’t understand how it works. Scalping is a trading strategy that specializes in making profits from small price changes in the forex market. Thus, it involves making high volumes of small gains. Scalpers can buy a currency pair and sell it after holding the position […]
One of the common terms you will come across as you do or study forex exchange is currency hedging. So let’s first start here. What do you know about forex trading? In simpler terms, forex exchange is the process of changing a currency for another. People trade in the forex market for various reasons. However, […]
One of the common terms you will encounter when transacting or trading in the forex market is forex options. The good news is that these tools can help you secure the best exchange rates. However, it’s essential to understand how they work on forex markets. Forex options are derivative financial instruments that give you the […]
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