Canadian dollar will Continue to Suffer from the U.S. Slowdown!
Have you ever seen someone make a mistake and not only do they suffer for it but someone else does as a result also? Well, this is exactly what’s happening to Canada right now.
You see, most of last year, you could say that the Canadian dollar was falling because of falling commodity prices. Since Canada exports so many widely used commodities like oil and lumber, when prices fall, so do their profit margins. It costs them about the same amount to produce the product but what they can get for it in the market is determined by where those commodities are trading at the time.
USD/CAD Pushes Towards 1.30 Once Again!
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Economy Recovering? This Indicator Seems to Think So!
You know, when an economy does start to recover, it’s not widely known at the time. In fact, the news will still be as full of “gloom and doom” as ever even when it starts.
So you won’t know when the economy is turning by listening to the nightly news. So what can you look to?
Well, here is one widely watched economic barometer that institutional investors have used throughout the years. What is it? Copper
Now you may think, “What in the world does the price of copper tell us about the economy?”
