The months preceding an election frequently see heightened volatility in foreign exchange (FX) markets, but the turbulence often continues well beyond election day. Interestingly, market fluctuations tend to persist through the post-election period, right up until inauguration day. This transition phase, between the appointment of a president-elect and their official swearing-in, can have a notable
The Canadian dollar is currently under significant pressure, with recent economic conditions and rate changes contributing to its weakened position against the U.S. dollar. The Canadian dollar continued its slide overnight but has shown a slight rebound in early New York trading. Much of the currency’s recent weakness stems from U.S. President Donald Trump’s “America
When comparing the price of the dollar and real estate over the past decade, we observe a significant increase in both markets. To get a closer look at these two markets, let’s consider a real example. In 2011, a residential property in a prime, luxury area of Tehran was sold for 10 million tomans per
What impact does Canada’s central bank have on gas prices? According to an industry expert, the larger rate cut announced by the Bank of Canada on Wednesday could lead to an increase in gas prices. “The drop in interest rates may sound like good news, but it will likely boost demand for gas as more
The USD/CAD exchange rate, which reflects the value of the US dollar against the Canadian dollar, is influenced by a variety of economic factors and geopolitical events. This article will explore the forecast for the USD/CAD exchange rate from September 2024 to December 2025, analyzing trends, key indicators, and potential scenarios that could impact the
The intense volatility in global financial markets over the past week is swiftly affecting Canadian interest rate forecasts, causing them to drop like autumn leaves in a strong wind. TD, CIBC, and BMO have taken the lead with their revised forecasts, all now anticipating that the Bank of Canada will reduce interest rates more quickly
Expanding on the initial blog draft, let’s delve deeper into each tip, providing more context and practical advice for travellers: Considering these tips, travellers can save money, avoid common pitfalls, and have a more relaxed and enjoyable travel experience.
We are thrilled to announce the grand opening of Monex1’s newest branch in West Vancouver! This exciting expansion marks a significant milestone in our journey to bring top-notch services and exceptional products closer to you. Why Monex1 West Vancouver At Monex1 West Vancouver, our mission has always been to serve our customers with the highest
The increase in the carbon tax in British Columbia leads to further escalation of gas prices in Metro Vancouver. Gas prices had been gradually rising before and during the Easter long weekend, but they experienced another surge on Monday due to the carbon tax hike, reaching $2.09 per litre. On Monday morning, gas prices soared
Travelling across borders is an exciting venture, but it comes with its own rules and regulations, especially concerning finances. One crucial aspect that perplexes travellers is the amount of cash they can legally carry. Different countries have set various limits, and being uninformed about these can lead to unnecessary hassles. This comprehensive guide aims to