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Forex News

Wednesday January 22, 2020

US dollar will likely depreciate in 2020: Bank of America

Adarsh Sinha from Bank of America Securities expects the U.S. dollar to weaken in 2020 as economic growth picks up in the rest of the world.

Tuesday January 21, 2020

Manulife stays bullish on the US dollar in 2020

"It is not yet clear that the U.S. dollar has actually peaked," says Manulife Investment Management's Sue Trinh, adding that bearish dollar outlooks have regularly failed to withstand scrutiny.

Friday January 17, 2020

The US is running a $1 trillion deficit, but politicians and investors don't see a problem

The U.S. released eye-popping numbers that show the budget deficit on course to cross $1 trillion, yet nobody seems to care.

Friday January 17, 2020

China may see a $90 billion passive inflow in 2020, strategist predicts

Corporations that have been hoarding significant amounts of U.S. dollars may start investing them in China, says Craig Chan of Nomura.

Markets & Economics

Thursday January 23, 2020

US weekly jobless claims increase less than expected

First-time claims for state unemployment benefits were expected to total 215,000...

Wednesday January 22, 2020

Trump says GDP would be near 4% and the Dow could be 10,000 points higher if it weren't for the Fed

The president has repeatedly taken the Fed and Chair Jerome Powell to task for a...

Tuesday January 21, 2020

White House top economic advisor Larry Kudlow says economic growth will beat 3% this year

President Trump's top economic advisor said GDP growth in the U.S. should hit at...

Tuesday January 21, 2020

Trump at Davos urges countries to 'put their own citizens first' as he touts US economic success

Hours before his impeachment trial was set to begin in earnest back home, Trump ...

Canadian Business

Thursday - Jan 23, 2020

Millionaires at the World Economic Forum are deman...

DAVOS-MEETING/PROTEST

Patriotic Millionaires, an exclusive U.S. club that also includes billionaires, released a letter at the World Economic Forum in Davos, Switzerland, demanding elites add their names to a new plan to make the world a better place through tax reform.

Thursday - Jan 23, 2020

U.S. border officers were told to target Iranian-b...

USA/

U.S. officers working at multiple Canada-U.S. border crossings were instructed to target and interrogate Iranian-born travellers earlier this month, said a U.S. border officer in an email obtained by CBC News. U.S. border authorities denied detaining Iranian-born travellers.

Thursday - Jan 23, 2020

Alberta's looming multibillion-dollar orphan wells...

Inactive oil well by Sequoia Resources in Alberta

As Alberta struggles to clean up thousands of oil and gas wells left behind by bankrupt companies, the province's auditor general is set to investigate how the problem became so big and why the industry regulator's efforts to collect security deposits came up so short, CBC News has learned.

Wednesday - Jan 22, 2020

Boeing CEO says company won't scrap 737 Max...

BOEING-737 Max

Boeing chief executive Dave Calhoun tells reporters the U.S. planemaker expects to resume 737 Max production months before its forecasted mid-year return to service, adding it doesn't plan to suspend or cut its dividend.

Wednesday - Jan 22, 2020

As U.S. threatens retaliation over digital taxes, ...

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As the U.S. continues to threaten other countries with retaliation if they proceed with a digital services tax, Canada's trade minister says the question of how to ensure profitable search engines, social media platforms and online retailers pay their fair share can only be tackled on a multilateral basis.

Wednesday - Jan 22, 2020

Duelling demonstrations held for and against Teck'...

teck rallies

Traffic was held up Wednesday morning on a part of Ninth Avenue in downtown Calgary as opponents of a proposed oilsands mine faced off with demonstrators who came out to show their support for the $20-billion project.