Insights

Aug 17, 2020
Gold and oil prices are higher this morning, giving strength to the Canadian dollar

The Empire State dismal numbers, a pull-back in treasury yields, plus anticipation of what the U.S. Federal Reserve minutes are on Wednesday caused the USD to weaken against most currencies including Canada. Gold prices jumped as investors are looking for some form of a safe haven for their money. Gold moved over 2.17% this morning […]

Learn More
By MoneyWay
Aug 11, 2020
U.S. equities still on an upward climb, Russia claims to have world’s first Covid-19 vaccine

Market sentiment moved higher on analysts’ beliefs that the U.S. economy is set to fully reopen, while news agencies reported Russian President Vladimir Putin claimed the country had given regulatory approval for the world’s first Covid-19 vaccine. Even though there is doubt that Russia already has a vaccine in place, the news triggered optimism from […]

Learn More
By MoneyWay
Aug 10, 2020
U.S. equities continue to move higher

U.S. equities are moving higher against a backdrop of uncertainty over a new coronavirus stimulus package. Some big tech stocks are taking a breather even as the S&P 500 is within reach of an all-time high. Also, investors are keeping one eye on the increasing tensions between China and the U.S., today, China said it […]

Learn More
By MoneyWay
Aug 5, 2020
Markets are better, Canadian dollar stronger to USD

Oil prices moved higher on lower inventory numbers plus Saudi Arabi and OPEC have taken nearly ten million barrels of oil a day out of production allowing prices to rise to a five-month high. Concerns of the pandemic still persist and markets generally not just oil are looking for some sort of a plateau in […]

Learn More
By MoneyWay
Jul 30, 2020
U.S. GDP worst ever

The U.S. economy saw the biggest quarterly plunge in activity ever, though the plummet in the second quarter wasn’t as bad as feared. Gross domestic product from April to June plunged 32.9% on an annualized basis, according to the Commerce Department’s first reading on the data released Thursday. Economists surveyed by Dow Jones had been […]

Learn More
By MoneyWay
Jul 28, 2020
U.S. consumer confidence takes wind out of markets’ sails

The U.S. consumer confidence index fell to 92.6 in July, down from a revised 98.3 in June, according to The Conference Board. Economists polled by Reuters expected a reading of 94.5 in July, down from the previously reported 98.1 in June. The decline in confidence came as cases of Covid-19 continued to climb across the […]

Learn More
By MoneyWay

Visit us in-store for the best rate!

Where to Find Us

Get Daily Rates in Your Email Inbox