Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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Best rewards debit cards in Canada for 2023 + MORE Jun 13th
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The best rewards debit cards in Canada for 2023
These are the debit cards that can earn you rewards like cash back, PC Optimum points, Scene+ points and Air Miles.
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Do inflation-linked bonds make sense in an era of rising interest rates? Feb 23rd
For a long time, inflation-linked bonds like TIPs (Treasury Inflation-Protected Securities) in the U.S. or Government of Canada Real Return Bonds (RRBs) seemed like valid alternatives to nominal bonds for inflationary environments. If inflation ticks above certain levels, such bonds—or exchange-tr.... More »
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Credit-easing steps taken by the world’s central banks, at a glance
– canadianbusiness.com
On Wednesday, the Federal Reserve signalled that it plans to keep a key interest rate at a record low because a broad range of U.S. economic measures remain subpar.
It said it intends to keep its benchmark rate near zero as long as inflation remains under control, until it sees consistent gains in wage growth, long-term unemployment and other gauges of the job market. The Fed reiterated that it plans to keep short-term rates low “for a considerable time” after it ends its monthly bond purchases in November.
Earlier in the day, investors were cheered by news reports that China’s central bank would inject a total of 500 billion yuan ($81 billion) into the five biggest state banks over three months. Additional financial system liquidity would build on measures to strengthen growth amid a bout of weak economic data. There was no official confirmation of the reports.
Here are steps that major central banks around the world have taken to try to bolster their economies:
— FEDERAL RESERVE
Interest rates: The Fed plans to keep its key short-term rate at a record low…
It said it intends to keep its benchmark rate near zero as long as inflation remains under control, until it sees consistent gains in wage growth, long-term unemployment and other gauges of the job market. The Fed reiterated that it plans to keep short-term rates low “for a considerable time” after it ends its monthly bond purchases in November.
Earlier in the day, investors were cheered by news reports that China’s central bank would inject a total of 500 billion yuan ($81 billion) into the five biggest state banks over three months. Additional financial system liquidity would build on measures to strengthen growth amid a bout of weak economic data. There was no official confirmation of the reports.
Here are steps that major central banks around the world have taken to try to bolster their economies:
— FEDERAL RESERVE
Interest rates: The Fed plans to keep its key short-term rate at a record low…
Scotland’s Yes side is counting on a quick re-entry to the European Union if voters opt for independence in the referendum Thursday.
Argentina’s peso drops to 15 per US dollar on country’s black market, its weakest on record
– canadianbusiness.com
BUENOS AIRES, Argentina – The value of Argentina’s peso has hit its lowest level ever on the black market.
The peso weakened 2.5 per cent Wednesday to close at 15 per U.S. dollar. That’s far cheaper than the official exchange rate, which closed at 8.4 pesos per dollar.
Confidence is dwindling in Argentina’s frail economy, which is in recession as it struggles with one of the world’s highest inflation rates and a drop in foreign currency reserves.
Argentines are haunted by memories of the 2001 economic crisis, when banks froze deposits and the currency lost value. So they are eager to obtain and hold dollars as a safety net.
Tough government restrictions on exchanging pesos for dollars have backfired by pushing many people to buy greenbacks on the black market, driving down the peso’s value.
The post Argentina’s peso drops to 15 per US dollar on country’s black market, its weakest on record appeared first on Canadian Business.
The peso weakened 2.5 per cent Wednesday to close at 15 per U.S. dollar. That’s far cheaper than the official exchange rate, which closed at 8.4 pesos per dollar.
Confidence is dwindling in Argentina’s frail economy, which is in recession as it struggles with one of the world’s highest inflation rates and a drop in foreign currency reserves.
Argentines are haunted by memories of the 2001 economic crisis, when banks froze deposits and the currency lost value. So they are eager to obtain and hold dollars as a safety net.
Tough government restrictions on exchanging pesos for dollars have backfired by pushing many people to buy greenbacks on the black market, driving down the peso’s value.
The post Argentina’s peso drops to 15 per US dollar on country’s black market, its weakest on record appeared first on Canadian Business.
