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    Canadian Dollar Cracks As International Tourism Booms

    Despite the Bank of Canada keeping interest rates unchanged tourism in Canada is gaining strength.

    Photo: morbokat   The Bank of Canada released today that it’s keeping its overnight rate at 0.5 percent. And the bank rate is correspondingly at 0.75 percent and the deposit rate is locked in at 0.25 percent. Overall the...

    Tags: bank of canada,interest rates,canada,canadian dollar,economy,tourism,travel,currencies

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    Here Is What Higher Fed Rates Could Mean For You

    Final countdown: All eyes are on the Fed, is it time for rates to take a hike?

      What is happening this week? The Federal Reserve has kept interest rates at historic, near zero levels for nearly seven years. If Federal Reserve officials begin raising rates on Thursday this week, what will that mean for you? Let’s take a cl...

    Tags: federal reserve,economy,rates,interest,currency exchange,central banks