In October, foreign equity and fixed-income funds were benefiting from strong market returns, and they were further buoyed by a depreciating Canadian dollar at the same time, says a report from Morningstar Research. Last month, the Canadian dollar depreciated significantly versus many world currencies: approximately 2% against both the euro and the pound, and more […]
Amid central bank chatter and NAFTA negotiations, uncertainty persists
Here’s what to watch this week in the economy, both at home and abroad. Bank of Canada speech. Governor Stephen Poloz speaks on Wednesday in St. John’s, Newfoundland. His topic, “The meaning of data dependence: An economic progress report,” suggests he’ll provide insight on criteria for further rate hikes and their timing. Read: Inflation inches […]
The Federal Reserve’s firm statement last week that a December rate hike remains on the table wasn’t good news for the loonie, which had reached US$0.83 after two hikes by the Bank of Canada. Read: Why there’s too much love for the loonie Loss of loonie steam can also be attributed to remarks from the […]
Evolve Funds Group Inc. wants to offer Canada's first cryptocurrency ETF
The British Columbia Securities Commission has granted First Block Capital Inc. registration as an investment fund manager and an exempt market dealer to operate a bitcoin investment fund. It’s the first registration of an investment fund manager in Canada solely dedicated to cryptocurrency investments. Read: CSA plays nice with business in new regulatory sandbox The […]
Loonie's rise is a short-term phenomenon
Will Canada's dollar keep rising along with rates?
Rising rates in the U.S. likely means upside for late-cycle stocks but a weaker loonie
Contrary to the Bank of Canada's goal, the loonie may appreciate in the near term