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Canadian, Australian dollar in record declines

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. by Cordell Eddings, Bloomberg.com Baltimore — (TFN): Canada’s dollar posted its biggest weekly loss since at least 1971 as a report showed employers unexpectedly shed jobs for a second month, raising speculation that [...]

Dollar trend reversal: Is it time to short the euro and go long the dollar?

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? by J. Christoph Amberger Baltimore — (TFN): The dollar rebounded to a seven-week high at $1.5454 per against the euro as the Fed kept interest rates unchanged. The dollar rallied [...]

Canadian dollar drops on negative GDP growth

Baltimore — (TFN): The Canadian dollar continued to trade below parity as expectations that the Bank of Canada will make a move to cut interest rates intensified. While Q1 GDP growth for the United States economy — widely believed to be in recession — was upgraded to 0.9% today, Statistics Canada reported Monday that real gross [...]

Canadian Oil: As goes the oil, so goes the dollar

"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

“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.

“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 [...]

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