USDCAD Prices Edged Higher on Weak Canadian Dollar. What Next? LeapRate

November 27, 2023 BY Simon Mugo

USDCAD Prices Edged Higher on Weak Canadian Dollar. What Next?

The Canadian Dollar (CAD) has faced headwinds due to a decline in crude oil prices, contributing to this upward pressure on the pair. Western Texas Intermediate (WTI) crude oil prices have been on a downward trajectory since Wednesday and are currently trading at approximately $75.00 per barrel. Crude oil prices have fallen since late September…

September 18, 2023 BY Elizabeth Anderson

Bank of Montreal scaling down retail auto finance business

Poor debt provisions in retail trade spiked to C$81m, compared to a C$9m recovery a year earlier, according to the latest quarter-end results. This performance signifies the increasing pressure flowing from rising borrowing costs. In a communication shared with Reuters, the Bank informed automotive dealers that new agreements are off the table as of 15…

September 01, 2014 BY Mike Fox

Canada seeks to become the Renminbi trading centre for the Americas

Partnership announced to support initiative that sees stronger ties with Chinese currency

Tag: Canada Economy