Currency

BRICS will try calming volatile currency markets

BRIC economies plan to contribute $100 billion to a fund to help stabilize currency markets.

By Staff |September 5, 2013

1 min read

Ink error forces U.S. to scrap $3 billion in $100 notes

Thanks to a printing error, almost $3 billion worth of U.S. $100 bills are headed for the trash can, reports the National Post.

By Staff |August 15, 2013

1 min read

Game over for the loonie?

Although the loonie bounced back this week, it still trades at a low level relative to where it’s been for the past three years. Is the most recent decline a sign that the Canadian dollar is at the beginning of a longer-term drop against its U.S. counterpart?

By Gareth Watson |July 15, 2013

3 min read

Big Mac Index reveals Norwegians pay most for burgers

The Big Mac Index is The Economist’s way of analyzing purchasing-power parity, a theory that states in the long run, exchange rates should adjust so goods and services cost the same everywhere. Read: BoC will maintain inflation: Poloz The magazine uses McDonald’s Big Mac because it’s made with the same ingredients in almost every country […]

By Staff |July 12, 2013

1 min read