From the category archives:

exchange rates

When To Buy US Dollars and How to Take Advantage of the Canadian-USD Exchange Rate

July 27, 2009 · 9 comments

in Canadian dollar , currencies , exchange rates , financial planning

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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Municipal Bailouts of Phoenix, Philadelphia and Atlanta

November 15, 2008 · 0 comments

in auto-manufacturers , exchange rates , international economy

BNN’s Amanda Lang and Kevin O’Leary reported today on SqueezePlay that three U.S. cities have just written letters into the Treasury asking for their own bailouts - Arizona, Pennsylvania and Georgia are starting to look as financially well-off as California, which is completely in the red.  Is this a sign of worse to come?  What’s [...]

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A Third Reason for the Recent Rise in the US Dollar

October 27, 2008 · 2 comments

in US dollar , exchange rates

It’s because some investors imagine that the European and Japanese economies’ growth is expected to be much slower than even that of the US.  Hence, the prospects for using the Euro and the Yen as alternative reserve currencies are also looking more dismal, or so the theory goes.
I have to admit, I don’t think this [...]

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Artificial, Short-Term Propping Up of the Greenback

October 22, 2008 · 2 comments

in exchange rates

Today the Canadian dollar has fallen to 25% below the Greenback.  Analysts think they could see a 30% differential in one week.  Who could have foreseen this a year ago (October-November 2007), when the Canadian dollar was 10% stronger than the US dollar (at the all-time high, one Canadian dollar bought $1.10 American)?
The latest central [...]

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Commodities Killing Canadian Currency Despite US Hyperinflation

October 21, 2008 · 0 comments

in Canadian , exchange rates

Unfortunately for me, since I’m currently in the US, the recent dramatic drop in the Canadian dollar is causing everything to suddenly become almost 20% more expensive.  I’ve been waiting for the dollar to turn around again - even last month’s 10% difference is looking really good now - but I fear it’s going to [...]

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Exchange Rate Tip: Be a Better Bank Customer

September 26, 2008 · 0 comments

in banks , exchange rates , forex

I just found out today that because I’m also a customer of my bank’s investment banking outfit, it entitles me to a better USD-CAD exchange rate than regular customers!  I forgot to ask just how much the benefit was, but I am pleasantly surprised since this is the second time in about a week that [...]

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