TAG Featured

Canadian Dollar Rises then Falls After BOC Decision

The Canadian dollar jumped in the immediate minutes the Bank of Canada (BOC) released its interest rate decision. As expected the bank made its first rate hike since December last year. It moved the base lending rate to 1.50% from the previously-released 1.25%. It was the fourth hike since last summer. This rate – also…

READ MORE 

A Sea of Red in Global Markets as Trade War Escalates

It is a sea of red today as the global markets come to terms with the ongoing trade escalations. Yesterday evening, it was reported that the Trump administration will continue with the trade war with China. As he left for Brussels, the president directed his trade representatives to move ahead with additional tariffs on Chinese…

READ MORE 

Wait and See as Sugar Reaches a New Support

Sugar is one of the most-used commodities in the world today. It is used in a whole range of food products such as cakes, confectionary, and other processed foods. Most of the sugar produced today comes from sugarcane, while part of it comes from other sources. Most of the world’s sugar comes from Brazil, which…

READ MORE 

As Tariffs Kick In, Time to Get Bullish on Soybeans

At midnight today, the United States started implementing tariffs for major Chinese goods coming to the country. This is an important move after months of countless negotiations and urging from business and political leaders who advised against the tariffs. Shortly afterwards, Chinese authorities announced that they were starting imposing tariffs on US goods which include…

READ MORE