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investing: Canadian Dollar at par with US Dollar - 04/06/10 12:11 PM
It seems like yesterday when the Canadian Dollar was at par with the US Dollar. It took less than 2 years for the exchange rate to equalize again. But what does this mean for the Canadian economy?
Generally, the lower the value of the Canadian dollar, the more Canada was trading. When the dollar was at par in July 2008 it reflected a weakening economy in Canada. But is that still the case?  More than ever Canada's economy is strong in comparison to markets with which we are trading.
In terms of trade a strong dollar weakens Canada's selling points, but could a strong … (3 comments)

investing: Canadian Central Bank Expected to Lower Rates - 10/20/08 02:24 PM
The Bank of Canada is expected to lower its overnight lending rate by as much as a 0.50% tomorrow.  If so, this will be the second time in two weeks that the Bank of Canada has taken action to lower rates as part of its efforts to help tame the global financial crisis.
Their overnight rate influences the prime lending rates charged by the chartered banks in Canada.  It can affect borrowing costs on variable-rate mortgages and lines of credit.
It will be interesting to see how the Banks react.  The last time the Bank of Canada announced a half-point cut on Oct8, not all the chartered … (0 comments)

investing: Warren Buffett Says its Time to Buy U.S. Equities - 10/17/08 05:02 PM
Warren Buffett has said he's buying U.S. equities if the prices stay attractive.
"A simple rule dictates my buying: Be fearful when others are greedy and be greedy when others are fearful," Buffett, 78, said in an opinion piece published Friday in The New York Times. "Most certainly, fear is now widespread."
He said if equities stay cheap, his non-Berkshire net worth will soon be 100 percent in U.S. stocks from 100 percent in government bonds.
Thanks for the info Warren, however, I do believe the economy is in for a rough ride over the next year or so.  In my … (10 comments)

 
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Gina Burgio

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VERICO Designer Mortgages Inc.

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