Canadian Dollar
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The Best Currencies to Invest in for 2013
The best currencies to invest in for 2013 come from Asia, South America, Australia - but not the United States.
The Federal Reserve's misguided insistence on a loose monetary policy, ongoing resistance to government spending cuts, and another increase in the U.S. debt ceiling will all conspire to boost inflationary pressures and restrain the value of the U.S. dollar.
That will, of course, impact domestic market performance and cut into real returns on dollar-denominated investments - but it will also provide major opportunities for U.S. investors who can target issues denominated in the strongest foreign currencies.
Unfortunately, that doesn't include most of the world's other major currencies - including the euro, British pound and Japanese yen - since the economies of the underlying nations are also suffering from sluggish economic recoveries and problems with excess debt.
As such, the strongest currencies in 2013 will likely be found to the north and west of the United States, starting with the neighboring Canadian dollar.
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Cashing in on Canada: Four Ways to Profit – Big – From the World's "Safest Economy"
Canada is more than just back bacon, maple syrup, and hardscrabble-mining claims. It's a leader in natural resources, precious metals, and such alternative-energy investments as oil sands. In fact, Canada right now boasts one of the world's most compelling targets for investors' hard-earned money. In this free report, find out exactly how you could be making a fortune in what is widely considered the world's "safest" economy...
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Cashing in on Canada: Four Ways to Profit – Big – From the World's "Safest Economy"
Canada is more than just back bacon, maple syrup, and hardscrabble-mining claims. It's a leader in natural resources, precious metals, and such alternative-energy investments as oil sands.
In fact, Canada right now boasts one of the world's most compelling targets for investors' hard-earned money. Consider that:
- Through 2008, Canada enjoyed 12 straight years of budget surpluses.
- Since the outset of the global financial crisis, not a single Canadian bank failed.
- Canada was the first G-7 nation to raise interest rates.
- And while Canada has already reaped the benefits of a full 10 years worth of a full-blown bull market in commodities, there are at least 10 years more to go.
For the four best profit plays in the world's safest economy, please read on... -
Canada: The World's Economic Compass
If you're looking for a reliable investment, look no further than our neighbor to the north. This oft-overlooked country is quickly emerging as one of the world's strongest economies. Find out why in this report...
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Canada's Economy Casts a Long Shadow Over its U.S. Counterpart
Canada's economy has consistently outperformed that of the United States since the beginning of the financial crisis. And while it's showing signs of slowing down, Canada's pending decline will be far shallower than that of the United States, and its rebound more dynamic.
Canada's gross domestic product (GDP) expanded by 6.1% in the first quarter of the year - the highest rate of growth among developed nations - and the country is expected to lead Group Seven (G7) nations in economic growth for at least the next two years.
The reasons are many:
- Canada's banking system is sound.
- It has a generous bounty of resources.
- Its economy is more service-based than it's been in years past.
- Corporate interests have less influence over government policy.
- And it has far less government debt.
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Australia Increases Rates, Canada Stays Steady as Both Cast Wary Eyes Toward Inflation
Canada and Australia, two resource-rich nations that are recovering quickly from the global recession, yesterday (Tuesday) reaffirmed interest rate policies as both promised to remain vigilant about rising inflation.
The Reserve Bank of Australia (RBA) raised its cash rate target by a quarter of a percentage point to 4.00%, while the Bank of Canada (BOC) kept its benchmark interest rate at record lows. Both central banks said inflation and economic output have been higher than policymakers expected.
The target rate for overnight loans between commercial banks in Canada will remain at 0.25%, the same level it's been since April 2009, exactly in line with predictions by 22 economists surveyed by Bloomberg News. The central bank also repeated a pledge to leave it unchanged through June unless the current inflation outlook shifts.
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Canada Inflation Slows Central Bank Expected to Cut Rates Again
By Mike Caggeso Associate Editor Inflation slowed dramatically in Canada, with most of the deceleration credited to falling car prices and less upward pressure from gasoline prices. Canada’s Consumer Price Index (CPI) increased by 1.8% in the 12-month period from February 2007 to February 2008, the slowest rate of growth in six months, Statistics Canada [...]
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Canada Cuts Interest Rates Despite Economic Growth
By Mike Caggeso Associate Editor Canada's 25 basis point rate cut on Tuesday had many investors scratching their heads. After all, the cut goes against conventional thinking for central banks, which often lower rates when a country's economic growth is threatened by weakening currency valuations, housing markets and/or domestic demand – none of which are [...]
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Canadian Dollar Dances with Dipping Commodities
By Mike CaggesoAssociate Editor The Canadian dollar had possibly the best year of all world currencies. Its performance against the U.S. dollar is one for the record books – on Nov. 7, almost six weeks after eclipsing parity with the U.S. dollar, the loonie peaked at $1.0837 against the U.S. dollar, a 27% year-to-date appreciation [...]
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North of the Border: Eight Ways to Profit From the Canadian Dollar and the Commodities Boom
Canada's economy is on a roll and its underlying strength is primarily a commodities story. The main protagonists are uranium and oil, says Jody Clarke in a two-part series from our U.K. affiliate, MoneyWeek Magazine. Those commodities and more are causing investors to see green in the Great White North. [Editors Note: The First of [...]
