USD-CAD
Canadian Dollar Set to Fall?
In 2007, the Canadian dollar reached parity with the US dollar, marking a significant point after 30 years of trading lower against the USD.
The Canadian dollar has also seen strength due to the countries high value commodities, including large oil reserves, copper and lumber - however now many experts are predicting a fall of up [...]
Merrill Losses Top $8bn
Back in January we reported on the the huge Merrill Lynch losses. However, things seem to have gone from bad to worse, with collateralised-debt obligations of $8.4 billion, eclipsing the October 5th forecast losses of $5 billion.
Merrill Lynch reported its first quarter net loss of $2.3 billion in operation costs for six years. The credit [...]
Loonie Falls On Rate Cut Expectations
Last Friday saw a big charge for the Canadian Dollar (known to some as the Loonie), as much better than expected employment figures were released.
The Canadian Employment Change came out 36,000 above expectation which sent the USD over 90 points down against CAD. The price moved from 1.0072 to 0.9984 within the first few minute [...]
