Sending money to Canada can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate. Using your Bank to make international wire transfer to Canada can be especially expensive – often 5% to 10% worse than using a foreign exchange specialist to send to a Canadian dollar bank account or pay a CAD invoice. We make it easy to save money by making these fees and exchange rates easier to see and compare ..read more

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Date : 31st August 2021. Market Update – August 31. Market News Today Treasuries extended gains overnight. The advent of month-end with a large duration extension, momentum from the break of 1.30% on the 10s, the lack of supply, and Covid worries have underpinned. Concurrently, stocks firmed led by a 0.9% jump in the USA100 and a 0.43% gain in the USA500, both at fresh record highs of 15,265 and 4,528, respectively. The USA30 lost altitude and closed with a -0.16% loss. Signs that China’s economy is struggling thanks to virus measures and the regulatory clampdown weighed on ..read more

Date : 27th August 2021. Market Update – August 27 – All Eyes on Jackson Hole. Market News Today USD (USDIndex 92.98) rallied on hawkish taper talk from Kaplan, Bullard and George to 93.13 before cooling. Yields held on to gains & flattened (10yr 1.342%), while Equities fell on stronger USD & ISIS-K attack at Kabul Airport (85 dead inc. 13 US soldiers, Biden promises response). (USA500 -0.58% @ 4470, FUTS at 4480 now). Dell, Peloton & HP all reported weaker earnings. US GDP Q2 2nd reading 6.6% vs 6.7%, Weekly Claims 353k vs 345k Overnight – A ..read more

Date : 23rd August 2021. Market Update – August 23 – Dollar Dips, Equities Hold gains. Market News Today – USD (USDIndex 93.32) ticks lower again today, but holds significantly over 93.00.Yields (10yr 1.26%) lower as Asian stock markets follow US higher. (USA500 closed +0.81% @ 4441 & FUTS trade at 4451 now). Weekend – Afghanistan situation continues to hold, Biden issues EO on some Russian pipeline sanctions, Delta variant remains a significant concern, Japanese PM Suga suffers major reverse in local elections. Overnight – AUD & JPY PMIs miss expectations, USOil up from 7-da ..read more

Date : 17th August 2021. Market Update – August 17 – Sentiment weak, USD holds gains. Market News Today – USD (USDIndex 92.70) ticks higher again, on risk aversion as Virus concerns (partic. NZ which will enter new nationwide lockdown) and news from Afghanistan weighs. Yields (10yr 1.25%) lower and Asian markets are lower after ATH closes on Wall Street again (USA500 4479) even after big reverse for Empire State Manu. Index. Overnight – RBA minutes weigh on AUD “would be prepared to act in response to further bad news on the health front should ..read more

[b]Date : 10th August 2021.[/b] [b]Market Update – August 10 – Qualm gains in the market.[/b] Market News Today – Treasuries have been supported and bond as well as stock markets have traded cautiously mixed across the Asia Pacific region. Another stellar jobs report and hawkish Fedspeak weighed on Treasuries yesterday. Stock markets across the region are mostly higher though and even the ASX lifted 0.35% despite the slump in Australia business confidence. In Europe, the 10-year Bund future is up 13 ticks and continuing to outperform versus Treasuries although in cash markets the US 10-year ra ..read more

[b]Date : 9th August 2021.[/b] [b]Market Update – August 9 – Gold dips to 1681.[/b] Market News Today – Bonds across Asia-Pacific were mostly under pressure, while stocks moved higher. September 10-year Bund future is down 5 ticks at 176.45, outperforming slightly versus US futures. That ties in with pressure on bond markets during Asian hours. Japan is on holiday today, but elsewhere concern over China’s regulatory clampdown eased, which helped underpin risk appetite, as did progress on the US infrastructure plan, which is expected to be signed off by the Senate early this week. Part of the m ..read more

Date : 6th August 2021. Market Update – August 6 – USD Firmer on Jobs Day. Market News Today – USD (USDIndex 92.35) & Yields (10yr 1.237%) both higher today ahead of NFP. Weekly claims were in-line (385K). Equities rallied into close (USA500 +0.46% 4429). Asian markets weaker again on virus worries. BOE implied that rates hikes may come sooner than expected, avoided direct talk on taper and raised inflation expectations to 4%. Overnight – Significantly weaker JPY and German data. USOil rallied from $67.13 (12-day low) to $69.00 ha ..read more

[b]Date : 5th August 2021.[/b] [b]Market Update – August 5 – USD Holds gains following Hawkish Clarida.[/b] Market News Today – USD (USDIndex 92.20) & Yields (10yr 1.20%) boosted. Fed Vice Chair Clarida continues hawkish tilt. Earlier big miss for ADP (330k vs 700k) had seen Yields tank to 1.127% (6-mth low) & USDIndex 91.80 before big beat for ISM Non-Manu. PMI & Clarida’s “rate lift-off in 2023” & “tapering in 2021” comments. Equities mixed at close (USA500 -0.46% 4402). Asian markets hold gains. Oil inventories show a big build (+3.6m vs -3.2m & -4.1m last week) – USOil ..read more