Month: September 2022

– Canadian dollar falling in tandem with S&P 500 futures

– Canadian banks and Federal government closed today

– US dollar ending September with strong gains.

USDCAD snapshot: open 1.3693-97, overnight range 1.3660-1.3744, close 1.3685, WTI $81.61, Gold $1667.70

The Canadian dollar did not have a good month of September, losing 4.0%. Even so, it was still better than the Australian dollar (down 5.0%) and the New Zealand dollar (down 6.6%) which was the worst performing major G-120 currency against the US dollar.

The Canadian dollar direction is determined by global risk sentiment as measured by S&P 500 prices. S&P futures are unchanged compared to Thursdays close, but the S&P 500 index plunged nearly 8.0% in September.

The monthly loss points to US dollar demand as portfolio manager rebalancing positions.

EURUSD traded sideways in Asia then dropped in Europe falling from 0.9853 to 0.9756 in NY. Fears over Russian’s plan … Read more

Networking is a critical tool in an entrepreneur’s toolbox, but it’s not an easy one for people of color — and as a Black woman entrepreneur, I’m all too familiar with the microaggressions and sometimes outright racism we have to brush aside. Here are some tips for navigating networking as a person of color.

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Whether you go into it kicking and screaming, the elephant in the room of any robust media profile, is, dare I say it, social media.

React to the news agenda, or alternatively push out your own practive content, using both traditional media and social media is fast becoming a given.

The Berlin Wall that divided the country from 1961 to 1989 eventually came crashing down. And so too will the wall that still divides traditional media and social media.

As King Soloman, who reigned Israel from 970 to 931 BCE, once said: “This Too Shall Pass”.

Traditional media outlets that publish by both analogue and digital is one thing. Like The Guardian, who back in 2011, announced their adoption of a ‘digital first’ strategy. That’s still traditional media as far as I’m concerned.

But instead I’m talking about equally harnessing social media in all it’s various guises – as well … Read more

Governments all over the world are pushing for a greener future. The U.S. wants to cut emissions by up to 52%, according to CNBC. Europe says it’ll cut emission by up to 55%, according to the BBC. China says it will stop releasing CO2 in the next 40 years, as noted by Scientific American. To help, President Biden signed a climate bill into law, which will see $375 billion worth of federal investment over the next decade. According to TheHill.com, “By 2030, the law is expected to bring U.S. planet-warming emissions down to between 32 and 42 percent lower than they were in 2005 through many of its provisions to promote the deployment of clean energy.” While electric vehicles, hydrogen, solar, and other forms of green energy should benefit from the bill, it could also have a positive impact on the construction & demolition materials reprocessing industry, including stocks such … Read more

Favorable terms might be more attainable than you have been led to believe.

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