canadian money

Municipalities want their PST money back

One level of government should not tax another, AMM delegates say

Municipalities pay millions in provincial sales tax (PST) and they want their money back. “The need for municipal dollars to be returned to the hands of municipalities is a resonating theme of this convention,” said Association of Manitoba Municipalities president Chris Goertzen at the opening of last week’s 17th annual convention here. At issue is

assorted vegetables in a basket

Farmers’ market vendors need to give customers more ways to pay

Customers buy more if they can use their credit cards

Farmers’ markets wanting to increase purchases by customers should consider accepting more than just cash or cheques as payment, according to Washington State University researchers. “Customers are willing to buy more if they have other payment options,” said Karina Gallardo, a WSU associate professor and extension specialist in the School of Economic Sciences. “They may


chart showing Canadian dollar value

Drozd: Harami alerts producers to impending rally in the Canadian dollar

A harami that occurs at the end of a significant move down in price and time 
will have more reliability than any other place on a chart

The Canadian dollar has rallied nearly 600 basis points in the past six weeks. This rally may have come as a surprise to some people, but not to those studying candlestick charting. The Japanese are regarded as the true pioneers of candlestick charting. The Japanese method of charting is called candlestick because the individual lines

wheat grains in a person't hand

KAP says do homework before selling grain to unfamiliar buyers

History shows sometimes even trusted companies burn farmers

Sellers beware! In the post-monopoly wheat board era many new, unfamiliar grain buyers, often American, are offering to buy western Canadian grain. The Keystone Agricultural Producers (KAP) says farmers should do their homework before striking deals to avoid getting burned. “People will spend two weeks researching which cultivator shovel to buy so it doesn’t wear






Loonie forecast to hold its own against U.S. greenback

The loonie will likely continue to weaken against the U.S. dollar, but should stay close to parity in medium to longer term, says ScotiaBank’s chief currency strategist. “The path of least resistance for the Canadian dollar in the near term is weaker,” said Camilla Sutton. However, lower global growth along with the less hawkish stance


Canadian dollar won’t move above parity any time soon

The Canadian dollar has seen significant declines compared to its U.S. counterpart in recent weeks, and isn’t expected to climb back above parity any time soon, according to currency analysts. The Canadian dollar has continued to move further and further below parity with the U.S. dollar, closing at US98.16 cents on Feb. 21. Although the

Sharing business can foster local shopping

Gift cards, local currencies and “disloyalty” cards can all be used to build businesses and jobs where you live

There’s a wave of business building going on around the developed world, and it doesn’t require a government program to make it happen. It just requires the businesses in a community to get together and agree on one thing: to jointly sponsor a community gift card, a local currency, or both. The community gift card