Bank of Canada Talks Down its Dollar (Reuters)
The Bank of Canada explicitly stated that it has concerns about disinflation — the slowing of the rate of inflation — and the strength of the Canadian dollar suppressing exports. Canada is the United States’ largest trading partner. The Bank of Canada did not issue a cut to their main interest rate, which remains at 1.0%, but they did confirm that the rate could be adjusted up or down in response to future economic data. It dropped to a four-year low of Canadian $1.1039 to the U.S. dollar immediately afterwards before recovering somewhat.
When looking to invest in the S&P 500, SPX and SPY options are similar assets…
An index option is a contract that gives the buyer the right, but not the…
“There’s more wisdom in your book than four years of college education!” -- Subscriber Back…
There is a famous saying that has been floating around the internet regarding the “Five…
Today is May 1, a day that’s also known as “May Day” in many countries…
Ten reasons to day-trade with mentors in a virtual room highlight why now is a…