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The 2024 Canada Post strike was a strike action against Canada Post by the national membership of the Canadian Union of Postal Workers (CUPW). The strike began on November 15, 2024 [1] and suspended on December 17. [2] A strike may start again on May 22, 2025. [3]
If the U.S. dollar is the base currency (the first of the pair), such as with the USD/EUR pair, the pip value involves the exchange rate. Pip Value=(size of a Pip)/(Exchange Rate)*(Lot Size) [6] For example, .0001 divided by a USD/CAD exchange rate of 1.3600 and then multiplied by a standard lot size of 100,000 results in a pip value of $7.35.
The loonie was trading 0.1% higher at 1.4135 to the U.S. dollar, or 70.75 U.S. cents. Like Canada, Australia and New Zealand are major commodity producers, so their currencies tend to be sensitive ...
Canada's economy grew at an annualized rate of 1% in the third quarter, undershooting the Bank of Canada's forecast of 1.5%, after growing 2.2% in the prior quarter.
Canada Post also receives letters to God and, on occasion, the Easter Bunny. In 2001, Canada Post started accepting e-mail messages to Santa. In 2006, more than 44,000 email messages were responded to. [70] The 2024 strike caused Canada Post to remove its deadline for sending letters to Santa when its letters to Santa program was disrupted. [71]
Rates could fall even further as the Federal Reserve prepares to make its third federal funds rate cut on Wednesday, December 18, 2024. While the year-over-year shift in mortgage rates may appear ...
Effective exchange rates are useful for gauging whether a currency has appreciated overall relative to trading partners. For example, in 2015 the Chinese RMB depreciated about 8% against the US dollar. However, more of China's trade is with Asia and Europe than with the United States, and the dollar appreciated against those currencies.
October 23 – The Bank of Canada lowers the key interest rate to 3.75%, a drop of 0.5%. This was after inflation fell to 2%, with the Bank of Canada wanting to increase demand. [108] October 28 – The 2024 Saskatchewan general election is held. The Saskatchewan Party wins a fifth consecutive majority government. [109]