Tag: Canadian dollar
Time to short the Canadian dollar
Published on October 30, 2008
With its main source export revenues plunging down over 50%, the outlook for the Canadian economy and the Canadian dollar is getting bleaker by the day.
by J. Christoph Amberger
Baltimore — (TFN): Oil prices dropped once again after the U.S. government reported a 0.3% contraction in the U.S. economy in the third quarter.
Light, sweet crude oil [...]
Canadian, Australian dollar in record declines
Published on August 9, 2008
The Canadian and Australian dollars are coming off a record-breaking losing streak. If commodities continue to fall, the drop could turn into a rout.
Dollar trend reversal: Is it time to short the euro and go long the dollar?
Published on August 5, 2008
After the rout in oil, gold and commodities, the U.S. dollar may be in for a trend reversal. Is it may time to short the euro yet?
Canadian dollar drops on negative GDP growth
Published on June 4, 2008
The Canadian dollar continued to trade below parity as expectations that the Bank of Canada will make a move to cut interest rates intensified.
Canadian Oil: As goes the oil, so goes the dollar
Published on January 31, 2008
“From Yellowknife, Regina and Ottawa, they’ve spread out to the world with pockets full of loonies earned in northern Alberta’s heavy-oil tar sands. Six months of intense work and enough money to pay for college and a trek through Asia? That’s not a bad financial scenario.” — Sam Hopkins [...]
Commodities Supercycle: Why the cycle just got longer
Published on December 18, 2007
“Galore Creek was supposed to be one of the largest new mines in the world. It was expected to be so profitable that building a new road, a new power plant and all the other infrastructure necessary for a mine would be more than offset by the value of the mine’s production.” [...]
Dollar Decline: Canadians are flooding across the U.S. border this holiday shopping season.
Published on November 24, 2007
“Funny how a lower currency exchange rate translates into higher competitiveness in a global economy.” — J. Christoph Amberger
TFN
Baltimore — (TFN): Canadians are pouring across the border to take advantage of the strong Canadian dollar, lower sales taxes, and the fact that Canadian retailers have kept their prices artificially high from the days when [...]