Immigration is pivotal to Canadian housing and since March there have been heavy declines in the market. Permanent residents and newly landed immigrants are all impacted by COVID-19, and the effects are now spilling over to the economic health of the housing market.
1 CAD is trading against GBP at 0.58 today, a long-term increase of sterling is expected as next month’s Brexit deal is still a possibility. At the highest currency rate in over six weeks, Bloomberg reported that “trade talks between the UK and European Union are on the verge of resuming” as negotiators are hoping to settle on a deal by mid-November.
Unless it is designed to be an international credit card, your credit card from your country of origin might come with hefty fees if you use it in Canada. That’s why you need to get a Canadian credit card or an international one that works in Canada without international fees.
By adding different languages to our site, we hope to be able to reach and help a larger group of people in the world. We will be continuously adding new language options to make sending money abroad much easier for everyone.
1 CAD is still trading against USD at a rate of 0.76 as the week progresses, which has increased by 10% since March when the exchange rate was 0.69. The US dollar is losing ground against a broad basket of currencies during this presidential election.
1 CAD is trading against the Philippine Peso at 36.83 this week and the rate is forecasted to decrease slightly going into next. The exchange rate is expected to drop from 36.83 to 34.98 with a YTD return of -5.12% despite the fact that PHP has been stagnating over the last year.
Many young people come to Canada for post-secondary education on a student visa. Naturally, it is common for students to want to work so that they have a little spending money. In this post, we will cover the rules and restrictions for employment under a Canadian student visa. We will take a close look at rules for working both on and off-campus and what students should do if they want to find employment in Canada after they graduate.
The Canadian dollar’s exchange rate is 55.65 against INR with a long-term increase expected as the month ends. CAD sits at 0.76 against USD, starting this week off with a hopeful and stable forecast for the Canadian dollar.
There is now expected to be 720,000 employment positions left to recover, an estimated 76% of the 3 million jobs lost across Canada has been recovered since the beginning of the pandemic in March. This is comparatively better than the 56% recovery rate in the United States.
Whether you are new to Canada or you’ve been here for a while, it’s important to have a Canadian bank account to easily manage your finances while you are living in the country. You can do this even if you don’t have a job, don’t have funds to deposit in the account yet, or have declared bankruptcy in the past.
The Canadian dollar continues to stabilize by the end of the week trading against the Euro at 0.65. According to Wall Street bank, J.P Morgan CAD has expected struggle going into October due to the current account deficit in Canada’s terms of trade.