Tips for Canadians Studying in the US or Abroad
If you have conducted any research on the Canadian government, one of the questions that may have arisen is: What is the role of the minister of finance in Canada? The finance minister presides over the Canadian finance department. Canada has had 40 finance ministers, the current one being Chrystia Freeland. One of the significant […]
You may have heard of the term FINTRAC but may not understand what it entails. So, to understand what FINTRAC entails, this article will answer the following questions: what is FINTRAC, what does FINTRAC stand for, and what does FINTRAC do? So, what is FINTRAC? FINTRAC is a financial intelligence unit in Canada; the acronym […]
If you run an international business or work with companies overseas, you may often wonder about the best way to accept international payments. Since there are many ways to receive funds from overseas, you may find it challenging to pick a reliable option. When choosing a payment method to receive funds from clients, friends, or […]
Close to one million Canadians (three percent) are unbanked, meaning they don’t have any relationship with mainstream financial institutions. If this is your situation, it’s essential to know how to cash a cheque without a bank account in Canada. To open a bank account in Milton, Ontario, Canada, one must have government-issued identification, a social […]
When investing in foreign markets, you need to familiarize yourself with all the currency fluctuation risks on your investments. That’s because currency movements play a vital role in your return on investments. It would help if you learned how to manage the risks. Currency fluctuations occur as a result of the movements in floating exchange […]
If you often send money or make payments overseas from Canada, opening a foreign currency account in Canada can help you save thousands of dollars on transfer costs. It will also save you the time you would have spent looking for the best exchange rates. A foreign currency account works like any other bank account […]
Understanding the difference between fundamental vs. technical analysis is vital when planning to invest in the stock market. The two techniques help investors to assess their stocks and make informed trading decisions. However, they differ in many ways. Simply put, the fundamental analysis evaluates the financial and economic factors that influence a business. Conversely, technical […]
Something you should never forget as a forex trader is how to use the currency strength meter. There are many currency pairs on the forex market, and it can be pretty tricky to choose an option to trade. Thankfully, a currency strength meter can help you with that. With the help of a currency strength […]
Currency risk affects every business that operates internationally. So, if you run a global business or an investment that requires you to exchange currencies, an exchange rate risk should be one of your top concerns. Failure to manage the risks can cause losses. Due to currency volatility, many international businesses are exposed to currency risk, […]
The relationship between the interest rate and the exchange rate is a significant determinant of a country’s economic health. Moreover, exchange rates can influence a country’s level of trade, making it the most analyzed and manipulated economic factor. For years, economists and policymakers have debated how interest rates and exchange rates relate. However, it may […]
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