Knowledge Centre

The global financial markets are intertwined into one gigantic and convoluted web. Nowhere is this truer than with the relationship between currencies and bond spreads, which are the difference between various country's interest rates. Bond yield differentials play a significant role in determining the direction of a currency and has...

The past four years have not been kind to Canadian stocks when compared to U.S. stocks and adjusted for exchange rates. The average annual total return for the S&P/TSX Composite index for the four years ending December 31, 2014 was 5.5% versus 20.9% for the S&P 500 (all returns in...