The Canadian dollar slid to its weakest level in nearly two weeks on Tuesday, weighed down by widening Canada-U.S. interest rate spreads and signals from the Bank of Canada that it remains focused on supporting the domestic economy. The loonie traded 0.2% lower at 1.3840 against the U.S. dollar, or about 72.25 cents U.S., after
The Bank of Canada has lowered its key interest rate by 25 basis points to 2.5 per cent, a move that comes as trade tensions and global uncertainty continue to weigh on Canada’s economy. The rate cut was widely expected after new inflation data showed consumer prices rising 1.9 per cent in August compared to
The recent surge in gold and silver prices has sparked renewed debate among investors: is this just another short-term rally, or the beginning of a longer structural trend? In a wide-ranging conversation on Seeking Alpha’s Investing Expertspodcast, market commentator Clem Chambers shared his views on why precious metals are moving higher, how geopolitics plays a central role, and
In recent days, many Iranian-Canadians have expressed concern about their bank accounts being closed or frozen. Some even connect this issue to the so-called “snapback mechanism.” But is there really a link? What Is the Snapback Mechanism? The snapback mechanism is part of the 2015 nuclear deal (JCPOA). Under this rule, if Iran fails to