If America wants to learn something about economic prosperity, they might find it by looking to the north. The LA Times featured this interesting piece about the lessons the United States could learn from Canada on the economic front. The United States is still recovering from economic collapse, but the effects of 2008′s market meltdown on Canada have been much milder in comparison.
The third quarter for currency traders looks to be another rocky one, according to Forex.com, which released its Third Quarter 2010 Markets Outlook today. A weak economy and troubles in the Eurozone are the usual suspects that will continue to hold the forex markets down. Analysts say the dollar will be the safe-haven currency as euro weakness will continue into 2011. The commodity currencies, the Australian dollar and Canadian dollar, should outperform, but are at risk if global recovery falls, according to the report. (more…)
