Why do Canadians pay more for the same products than our American neighbours? There are a number of factors influencing retailers to charge more, leading to a remaining price gap despite a strong Canadian dollar.
The latest Bank of Canada rate announcement has been released, and while interest rates and stimulus measures remain consistent, future economic expectations are cautiously optimistic.
The Loonie is looking stronger than ever at $1.03 U.S., jumping in response to yesterday’s extreme American Federal Reserve stimulus announcement.
Canada’s trade deficit has hit a record high, according to Stats Canada numbers for July. What does the increase, which is due to a weakening export industry and U.S. trade relations, mean for Canadians and the overall economy?
There are some seriously steep discounts to be had just south of the border. Before you head off to cash in at the outlet malls, though, make sure you understand the rules of paying duty taxes – and how to travel into the U.S. stress-free.
Have you seen how strong our Loonie is? Currently it’s trading at a multi-year high against the weakening U.S. greenback. One Canadian dollar gets you about $1.06 U.S. WOW! But, it also means more pain for Canadian businesses trying to sell goods and services outside of the country.