The Canadian dollar falls to $1.871 US on weak exports

BERMUDA (AP) The Canadian currency has dropped to a new low against the U.S. dollar after Canadian producers raised their export prices to help fend off a slowdown in demand.The Toronto Stock Exchange said Wednesday that the Canadian dollar had fallen by about 1.8 cents to $US1.81 US, below the 1-cent drop forecast on Wednesday.The […]

Read more
How to use the Foreign Exchange Calculator to buy foreign currency

Foreign exchange is a form of currency, but how much you use is a matter of degree.If you buy something in the foreign exchange market, you’ll earn interest, and if you sell something to the foreign currency market, the difference in interest you earn is added to the amount you’re buying.You might also pay a […]

Read more
Canada is in a “new golden age” as a destination for foreign exchange

The U.S. is the world’s largest exporter of foreign exchange.Canada has emerged as a global hub for foreign currency trading, and that’s been a big reason why the value of Canadian dollar-denominated contracts has risen nearly fourfold since 2013.The government is spending more on currency exchange in the past year, but the Canadian dollar has […]

Read more
When Canadian clubs look at the Maple Leafs, they can’t help but think about the Leafs’ foreign exchange advantage

The NHL has announced it is suspending all trading in Canadian Maple Leafs-themed merchandise for a month beginning Jan. 15, to help reduce the impact of the NHL lockout.The NHL has also announced that players and teams will receive $2.50 for every Canadian dollar traded in the NHL, and teams with 10-million-dollar budgets will receive […]

Read more