Category: News

Oil prices impact Canadian dollar against USD

Oil prices impact Canadian dollar against USD

Canadian dollar sees comeback after recent dip The Canadian dollar saw a significant dip over the last week, and is finally surging back to levels congruent with late March.  The federal government budget saw no surprises, with a cautiously optimistic approach to the potential turbulence of a Trump presidency. With ...

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US SEC nixes Bitcoin EFT chances

An attempt to have Bitcoin listed for public trading has failed Three years of attempts to list Bitcoin ETF have failed, causing a drop of over 15% in value. Two investors, Cameron and Tyler Winklevoss, have been trying tirelessly to have Bitcoin listed officially. The US Securities and Exchange Commission has denied ...

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Gold is the Standard

Gold is the Standard

Some notable economists are predicting that the sky is in the process of falling on America.  The German decision to remove its gold bullion from the U.S. federal reserve, and place some in Frankfurt, is thought by some experts to indicate that the economic atmosphere of America is about to become lethally polluted. ...

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Investors Seek Solutions to the Financial Crisis in Cyprus

Investors Seek Solutions to the Financial Crisis in Cyprus

Time is running up for the small Mediterranean island of Cyprus and in only a few short weeks the country will likely run out of money. Cyprus officials have urged the European Union and international lenders to approve a contentious bailout of €10 billion by the 24th of April. If an agreement cannot be made by April ...

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The Yen Clues Investors to Speculation

The Yen Clues Investors to Speculation

For the second day, the yen was at its weakest level as it traded 100 per dollar in 2008. Traders forecasted the Bank of Japan’s recent stimulus package will drive investors to higher-yielding currencies.The Japanese currency came within 0.2 percent of the 2008 level April 10 and within 0.1 percent April 11. ...

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Dollar Hits 11 Year High at the Beginning of the Week

Dollar Hits 11 Year High at the Beginning of the Week

“Everybody has been waiting for the ECB preparations for quantitative easing.”The Dollar value rose at the beginning of this week, which is known to have been the highest jump in 11 years.This happened with an index following the greenback even after the soft economic data, which went against major currencies ...

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