KeatsConnelly Cross-Border Weekly Best of the Web 2015-4-17

web-search-greyEvery week we share news stories, blog articles and other interesting stuff from around the web that received the most views, shares, comments and overall interest on various KeatsConnelly social media outlets.

This week we feature a heavy dose of global economic news beginning with a piece comparing the relative cost of living of a variety of countries, then highlighting an article with a view on what has been pushing the Canadian dollar lower and finishing with a piece discussing the implications of a strong US dollar.

Canada Among Most Expensive Countries, But It’s Not Australia (http://www.huffingtonpost.ca/)  – Canada is the fifth-most expensive country in which to live, according to Deutsche Bank’s latest survey of global prices, but there is good news for Canadian consumers: Thanks to a soaring U.S. dollar, the Canada-U.S. price gap has been eliminated and Canada is now slightly cheaper than the U.S. Overall, Canada is a less expensive place to live than Australia, New Zealand, Britain and the U.S., but more expensive than all the other countries in the survey of 19 major economies, including France, Germany and Japan…

Bearish Bets Batter Canada’s Loonie (http://www.wsj.com/) – The Canadian dollar has gone south. Many investors are wagering on an extended stay. An economic malaise worsened by the steep drop in oil prices has weighed on the currency of the U.S.’s biggest trading partner and crude-oil supplier. The Canadian dollar has slid 5.4% against the U.S. dollar so far this year after tumbling 8.6% in 2014. Among major currencies, only the euro, Swedish krona and Australian dollar have performed worse in 2015. On Wednesday, a jump in oil prices and an upbeat message from the country’s central bank sent the currency higher against the greenback, but investors said they remain bearish on its prospects…

What a Robust Dollar Means for U.S. Business – and the Global Economy (http://www.upenn.edu/) – Recently, the value of the U.S. dollar has risen from strength to strength against a basket of currencies, notably against the euro and the yen. In fact, the dollar has reveled in the longest streak of gains since 1971. While the strong U.S. dollar is good news for American consumers who can get more bang for their bucks when buying some imported goods or traveling abroad to certain areas, like Europe or Japan, American multinational companies find themselves in a different boat, say experts from Wharton and elsewhere. For one thing, their overseas earnings are worth a lot less when they translate unhedged profits into U.S. dollars…

Come back next week for more interesting news and articles. Enjoy your weekend!

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