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The Canadian dollar (symbol: $; code: CAD; French: dollar canadien) is the currency of Canada. It is abbreviated with the dollar sign $. There is no standard disambiguating form, but the abbreviations Can$ , CA$ and C$ are frequently used for distinction from other dollar -denominated currencies (though C$ remains ambiguous with the Nicaraguan ...
The government fixed the value of the Canadian dollar against the pound sterling ($4.43 buying and $4.47 selling) and also against the US dollar ($1.10 (US$0.9091) buying and $1.11 (US$0.9009) selling). The government also imposed strict currency controls on exchanges with foreign currencies, particularly the United States dollar.
January 5 – Canada defeats Russia 4–3 to win gold at the 2020 World Junior Ice Hockey Championships. [ 3 ] January 8 – Fifty-seven Canadians, as well as approximately 80 others ultimately travelling to Canada, are killed after Ukraine International Airlines Flight 752 was shot down by Iran shortly after takeoff from Tehran Imam Khomeini ...
US Dollar Index and major financial events. The U.S. Dollar Index (USDX, DXY, DX, or, informally, the "Dixie") is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies, [1] often referred to as a basket of U.S. trade partners' currencies. [2]
The Federal Reserve cut its benchmark interest rate Wednesday to between 4.25% and 4.5%. The central bank also projected two cuts next year instead of four, sending stocks tumbling.
The unemployment rate was forecast to average 11.5% in 2020 and 9.3% in 2021. [111] In June 2020, economic analyst Jim Cramer said that the response to the COVID-19 recession has led to the biggest transfer of wealth to the ultra-wealthy in modern history. [112] On 30 July 2020, it was reported that the U.S. 2nd quarter gross domestic product ...
(Reuters) -Futures linked to Wall Street's main indexes took a pause on Thursday after the S&P 500 and Nasdaq ended the previous session on a positive note, while investors awaited some more ...
A record number of U.S. CEOs exited their jobs this year, according to Challenger, Gray & Christmas, which said companies are responding to an uncertain landscape by installing temporary leaders ...