What is an undervalued currency?
A currency is said to be undervalued when its foreign exchange value is lower than it should be, and leads to a lower purchasing power than it would be in other countries.
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What is an overvalued currency?
A currency is said to be overvalued when its foreign exchange value is higher than it should be, and leads to a higher purchasing power than it would be in other countries.
Adulting 101 Workbook
It can seem daunting to enter into adulthood without understanding personal finance, how to manage and grow your money, or even do your taxes. But don't worry, you're not alone! Let us walk you through some key areas to help you get your finances in check as you blast off into adulthood.
Commentary: Subdued credit markets, tight spreads, and leveraged risk – what’s happening in the bond markets
Credit markets were “relatively subdued” in the second quarter in both Canada and the U.S. amid falling interest rates, while leveraged and high yield markets continued to show added risk. Check out the highlights from Canso Investment Counsel Ltd.’s latest Corporate Bond Newsletter.
Getting the best travel exchange rate
If you’re planning a big trip abroad, thinking about how you’ll exchange your money can go a long way toward saving you fees – and avoiding potential scams. Here’s what you need to consider.
How to maintain a great credit score
Your credit score determines whether banks or other lenders deem you trustworthy enough to lend you money, and what interest rates you’ll get if they do. It’s important to understand what impacts your rating, so you can ensure they give you the thumbs up when you need it.
