From the category archives:

Canadian dollar

Once again, the Canadian dollar is climbing back up towards parity with the greenback.   Most recently, it closed at 92 cents on the US dollar.  For Canadians, this is an excellent time to purchase US dollars ahead of any trips you might need to take south of the border.  Many people simply wait until they [...]

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Happy Birthday Canada! Bonne Saint-Jean (tard, je sais…) and Happy Moving Day!  Canadians don’t seem to hang anywhere near as many Canadian flags on their property, boats, and homes as Americans do - so I thought a bit of blatant patriotism here can be excused for July 1st.  For those who don’t know, the image [...]

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As Canadian Bank Earnings and Economy Go Down, Canadian Dollar is Up

May 29, 2009 · 3 comments

in Canadian dollar , Canadian economy , banks , deficits , inflation

The Canadian business news equivalent of “if it bleeds, it leads” has got to be the quarterly earnings reports of the Big Five banks.  This week it’s the Royal Bank of Canada, reporting its first losses since 1993.
It’s one seeming irony that Heather Scoffield has pointed out - for so long it’s been the other [...]

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He’s coming to visit Ottawa tomorrow (February 19, 2009) but it appears he’s doing his homework first.  Check out this piece, from an interview he did today with Canada’s CBC.
I’ll quote part of it here in case that link disappears.
Obama Praises Canadian Banking System
“One of the things that I think has been striking about Canada [...]

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Dollarize The Loonie? I Don’t Think So

January 14, 2009 · 3 comments

in Canadian dollar , US dollar , currencies

James W. Dean argues in today’s Financial Post (article here) that the Canadian dollar should be merged with the Greenback.  Are you kidding me?  That would be like handcuffing someone in a life preserver to a sinking boat. Moreover, Dean has long been an advocate of keeping the loonie separate.  His lengthy three-page article [...]

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30-Yr Bonds: The Next Big Bubble

December 6, 2008 · 0 comments

in Canadian dollar , US dollar , bonds

We thought the sub-prime housing bubble was bad, but recent signs are pointing to the next big bad bubble: long 30-yr US Treasuries.  People are buying these treasuries like gangbusters right now if they’re buying anything at all, because at least you can get a 3% safe return on them, and they’re completely liquid.
But as [...]

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