A faster pace of reopening in Canada may have boosted Canada's dollar versus the US dollar since March.Over the past 40 years, the value of the Canadian dollar against the US dollar has fluctuated significantly, at times rising nearly 10% or falling by as much as 37%. CAD is currently near the lower end of its historic range, worth about 76 US cents. That, however, is more than 10% above its recent low set in March when it was worth only 69 US cents.
That said, relative to the size of its economy, the Bank of Canada did a bigger QE than any other central bank since the end of March . In any case, BOC's large post-pandemic round of QE, which narrowed the gap between the relative size of the two central bank balance sheets, doesn't seem to have hurt CAD at all. In fact, since the BOC QE program began, CAD has recovered most of its recent loss in value versus USD.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Here's the data showing why TikTok's court victory was vital - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
US presidents tend to make far more money after they leave office — here's how - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. They literally cash in on favors they initiate in office to avoid the appearance of bribery....common sense. Clinton Foundation files paperwork showing $17 million loss for year. A long way from the $250 million donations per year while Hillary was Sec of State (11-19-19) Not trump! He is draining the treasury into all of his little corporations.......... Everybody knows, nobody cares!
Source: BusinessInsider - 🏆 729. / 51 Read more »
‘Tenet’ Now At $41.2M In Domestic Pandemic Marketplace That Is Starving For Business & Tentpole MoviesRefresh for updates, analysis and chart: The depressed state of the box office continued into its fourth weekend since the big three exhibitors reopened with Warner Bros.’ Tenet still No. 1 w… it needs LA & New York Great I am happy for tenet . I hope it will gross more then $400 million worldwide. This is only happening as exhibitors rushed to reopen movie theatres far too soon, blame has to go onto Christopher Nolan demanding that Tenet had to open in September as it should have opened as part of several films in October, so will see empty theatres for next 8 weeks
Source: DEADLINE - 🏆 109. / 63 Read more »
Today's best mortgage and refinance rates: Monday, September 28, 2020 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »