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Maclean’s Article on PPP and the Canadian Dollar

By Views

Mike Moffat argues in an interesting Mclean’s magazine article that the Canadian Dollar is not necessarily overpriced simply because it is trading roughly 20% over prices implied by PPP. Mike argues that transactions costs and the indeterminacy of market prices make PPP irrelevant as a measure of the value of a currency and points out that the Loonie has been trading well above values implied by PPP for almost all of the last decade.

The article is thoughtful but we think it misses an important concept by focusing exclusively on …

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Canadian Dollar Update

By Updates (2013-2014)

Expected USD/CAD Range: 1.026 – 1.033

Recent Developments: The Canadian Dollar continues to hover at one month highs against the greenback. Data from the US remains mixed with housing numbers yesterday morning very strong and jobless figures in line this morning.

The Big Picture: The commodity boom has seemingly ended (or is at least sputtering). Relatedly, Chinese and other emerging market economies have …

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Canadian Dollar Update

By Updates (2013-2014)

Expected USD/CAD Range: 1.026 – 1.033

Recent Developments: The Canadian Dollar continues to hover at one month highs against the greenback. The North American economic calendar is light with the only notable item being US New Home Sales to be released at 10 this morning. After that the market will be focused on tomorrow’s US jobless figures. We expect little volatility for the day in the Loonie.

The Big Picture: The commodity boom has seemingly ended (or is at least sputtering). Relatedly, Chinese and other emerging market economies have …

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Canadian Dollar Update

By Updates (2013-2014)

Expected USD/CAD Range: 1.028 – 1.035

Recent Developments: Strong retail sales figures in Canada and weaker than expected manufacturing figures in the US (all released this morning) have propelled the loonie to its strongest level in about a month. Other factors causing the short term strength are the recent strength in the price of gold as well as the market’s evolving view as to the expected timing of Fed tapering. The market is now focused on US jobs numbers out later this week.

The Big Picture: The commodity boom has seemingly ended (or is at least sputtering). Relatedly, Chinese and other emerging market economies have …

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Our First Post

By Money Saving Tips

Here we go! Our first blog post ever!

Yeah, we know–we’re not the first out of the gate with the whole blog thing–but we’d like to think that our fifteen-plus-years of obsessing over perfecting our customer service, and our never-ending desire to be price leaders in the foreign exchange retail market, means that we have a thing or two to say about our industry.

Hopefully this experience will allow our blog to find its own niche in the rapidly expanding blogosphere.

So stay tuned, and check in often for foreign exchange market information, useful currency exchange tips (aka money saving tips), and maybe even some laughs along the way.

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