Forex News
Argentina: Steve Hanke says many arguments against dollarization are 'absolute rubbish'
Steve Hanke, professor of applied economics at John Hopkins University, discusses the possible implications that libertarian Javier Milei's victory in Argentina's presidential runoff contest may have for the peso.
US dollar has a 'powerful set of fundamentals', says Nomura
Andrew Ticehurst of Nomura expects U.S. dollar strength to remain in the near term, and believes intervention risk is growing for the Japanese yen as it weakens against the USD.
Goldman Sachs strategist does not believe Chinese equity markets are 'uninvestable'
Caesar Maasry, Head of EM Cross-Asset Strategy at Goldman Sachs discusses how investors should find the opportunities in the Chinese equity markets.
Strategist explains what's behind the U.S. dollar's strength
Heng Koon How, head of markets strategy at UOB, says foreign exchange market moves in the past month have been mostly driven by interest rate differentials.
Markets & Economics
China's economy has a 'steep hill to climb' despite positive export surprise, HSBC says
The Chinese economy still has a "steep hill to climb" despite a surprise pickup ...
Bank of England warns that higher rates 'have yet to come through' to an already weak economy
The Bank of England warned on Wednesday warned that although household finances ...
Private payrolls increased by 103,000 in November, below expectations, ADP says
Private sector job creation slowed further in November and wages showed their sm...
U.S. consumers will soon wake up to ‘out of control’ interest on their credit cards, economist says
Real incomes are not rising enough to cover the increase in debt burdens, accord...
Canadian Business
Expect some food prices to get cheaper next year â...
Savvy shoppers should be able to find a few bargains at the grocery store next year, but even with prices for some essentials falling the typical Canadian family's overall grocery bill is set to increase by about $700 to more than $16,000 in 2024.
As expected, Bank of Canada holds interest rate st...
The Bank of Canada decided to keep its benchmark interest rate steady at five per cent.
'It scared the hell out of me,' says lead plaintif...
Genetic testing company 23andMe, which is the subject of a proposed class-action lawsuit in Canada, says a data breach may have affected millions more customers than initially believed. The B.C. man who is the lead plaintiff says the company didn't do enough to protect customers.
RBC handed $7.4M penalty from financial intelligen...
Canada's financial intelligence agency has levied a $7.4-million penalty against the Royal Bank of Canada for non-compliance with anti-money laundering and terrorist financing measures.
Shoppers discover boxes of Cheerios, bags of Lobla...
Recently, shoppers uncovered both Cheerios boxes and Loblaws-brand chips that weighed far less than what was printed on the package. Find out what happened when CBC News investigated.
Products returned to Amazon found at Toronto liqui...
CBC Toronto observed the personal information of three dozen people visible on shipping labels on display at a Toronto liquidation retailer that sells returned and overstocked items from Amazon and other online retailers. Now those customers are at risk of identity theft, a privacy expert says.