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Effect Of Elections On CAD Forecast

As Canadians are voting to choose their next prime minister, the value of Canadian dollar is creeping up.  It is touted to see more gains in the coming days irrespective of the election results.

With neck-to-neck competition between the main political parties, the election outcome is largely considered as a coin toss. Generally elections weaken the rate of currency due to uncertainty about the economic policies. However, the CAD forecast remains positive irrespective of who wins the election. The reason for this is mostly because of the striking similarities between the economic policies of both the leading political parties of the country.

Investment bankers of the country believe that the election result is not going to have a major impact on the CAD forecast. They expect a hung parliament or a minority government headed by the incumbent Prime Minister Justin Trudeau. And hence expect little or no change in the economic policies.

Rather than the election results, this week’s CAD forecast is driven by positive business outlook and retail sales. The supportive tone of risk sentiment is also aiding to strengthen the Loonie.

One of the factors for a strong CAD is the increased resilience of the Canadian bond yield due to Bank of Canada retaining the interest rates at 1.75% even when their counterparts in other countries have largely cut down the interest rates. This move made Canadian bonds attractive to foreign investors and contributed to the positive forecast.

The strengthening of job markets and increase in wage rates is another factor that has positive influence on the CAD rate. With both the parties promising significant tax cuts, the retail market is expected to be resilient.

However, the interest rate policy of bank of Canada will have a significant impact of the CAD forecast. If the BoC announces any rate cuts before later part of 2020, then it would signal difficulties for the CAD as the markets are not ready for an early rate cut.

A positive economic outlook and increased employment rate are pushing the CAD higher. The elections this time did not have any impact on the CAD forecast as both the political parties have announced similar economic polices and tax cuts.

 

 

‘No-Deal’ Brexit Won’t Affect Motor Parts Supply

Brexit is being closely watched by British businesses across the country, just like the average Brit. Fears over a ‘no-deal’ Brexit are affecting market outlook, with many industries hoping to make sure they’ve got their lifeboats if the worst should come to pass.

The fleet industry, in particular, has been close to a panic over the prospects of the industry in case of a ‘no-deal’ Brexit, with many fearing that auto parts, and other key supplies, will be unavailable in the aftermath.

In September 2019, the European motor industry issued warnings about the consequences that a ‘no-deal’ Brexit would bring to the market. They report that, should the World Trade Organisation’s current tariffs are applied to the UK, it would affect the market drastically. Prices on new vehicles could go up by 10%, while commercial vehicles and auto parts can go up by 22%, and 4.5%, respectively. Should that come to pass, it would result in the industry collapsing, as its “just-in-time” business model would be crippled by delays.

Fleet Assist, however, has been telling the industry at large not to panic, as their data says that auto parts suppliers in the EU have supplies set aside for the worst. In spite of the fact that about 80% of the replacement parts fitted to British vehicles are imported, Fleet Assist reports that suppliers in the EU still have stockpiles ready at warehouses across the region, allowing for continued normal operations.

According to Fleet Assist, manufacturers in the EU reported that they had an increased supply volume, capable of holding out for several weeks. On top of that, suppliers also reported that they have been stockpiling products to “six months” capacity, until the industry’s status post-Brexit is clear.

On top of that, other companies in the motoring industry, like parts suppliers and independent chains have gone on record to say that they’ve got additional stock invested at a local level.

Fleet Assist says that, in the medium and long-term, the entities they surveyed will do whatever they deem necessary in order to protect their business customers, as well as their partners, and to ensure minimal disruption in the industry at large.

That being said, they report that there are still some factors that they can’t account for, which they can’t control, making it impossible to account for every possible situation.

 

The Price Of Carbon That The Shipping Industry Needs To Pay

According to a group of experts gathered during the WISTA or short for Women in Shipping and Trade Association, the price of carbon is deemed to be very cheap. This is why the shipping companies are able to get away despite the level of carbon emissions they are releasing to the environment. There are those that follow the guidelines like FTL dedicated truckload freight so as not to damage the reputation of their company.

The conference was held as a part of the LISW or London International Shipping Week. During the assembly, the group discussed about the coming years with regards to the shipping sector and the requirements that must be put in place in order to make some significant changes with the current structure of the maritime industry. These are all necessary if they wanted to meet the targets they have set with regards to curbing climate change.

The principal consultant working for the maritime industry, Isabelle Rojon, spoke to the audience during the discussion and opened up about the hesitance of many to discuss the topic of carbon pricing which is considered to be a sensitive one. She added that whenever carbon pricing is talked about within the shipping sector, it feels as if they are talking about Voldemort which is the most popular villain in the Harry Potter series.

Every panelist is in agreement that they should come to terms with carbon pricing because it will have a bigger impact if they wanted to meet the climate target they have set. Based on the International Maritime Organization, the goal is to decrease emissions by 50 per cent of the figure in 2008 before the end of 2050. Aside from this, there was nothing much that has been discussed.

Zero Carbon Finance Limited’s Paul Stuart-Smith, said that carbon pricing is inevitable but the cost should be the same for international standard and it should not be contained within the shipping industry alone but every industry. His suggestion for the carbon pricing is that it should be $140 for every ton. The members of the sector such as FTL dedicated truckload freight are yet to comment with their stand on the matter.

Everything To Know About Junk Removal Agency

Generally most of us have a habit of hiding unwanted or old things,when we buy new ones for personal use or home use. Few reasons for this might be the attachment we have with the item, thinking that we might need it later or lack of awareness of where to dispose it. But after some point, you realize that more unnecessary items are lying in the house making it congested. Now it’s time to dispose it. There are many junk removal agencies, who provide junk removal services for homes and offices. You need to call them and get rid of the junk forever and make your home more spacious.

Junk removal Orange County agencies will collect all the junk from your place and dispose it responsibly by sending it to the recycling plants. Some junk hauling agencies have their own recycling plants, while others use third party recycling units to recycle the junk.

When you want to dispose an item, just call your nearby agencies. On your call they will visit your house and will inspect the items you wish to dispose. Based on the items, they will prepare the estimate of the cost for junk removal. The pricing is done on per piece basis, if the junk items are large. And on a project basis, if you have large amounts of junk to be removed or if you need junk removal from office.

Once you are convinced by the pricing they will prepare an agreement for this contract. After signing the deal by both the parties, junk removal agencies will send their professional workers to your place according to your convenient time. These people will collect the junk and remove it from your premises. Sending it to recycling is their responsibility.

While choosing a junk disposal agency it is important to consider the reputation and experience of the company along with the price. The pricing of junk removal Orange County is around seventy five dollars to one fifty dollars, depending on items and transportation mode.There are various professional agencies for junk removal at Orange County. Whether it is business or household, it is always better to get in touch for professional agencies for junk removal to ensure secured and quality services with reasonable prices.

The Best Places For currency Exchange When You are Travelling Abroad

Travelling to a foreign destination needs lots of planning. Apart from renewing your passport, making flight and hotel bookings, you also have to exchange currency. Even if you plan to use ATM cards, credit cards or traveler’s cheques, having some local currency in hand is a must while you are travelling to a foreign destination.

First of all, you have to do a bit of research and gain some knowledge about the exchange rate. Exchange rate is the amount of foreign money you can buy for one unit of your local currency. Read newspapers or visit website of reputed currency exchange to know about the current exchange rate. The exchange rate differs from bank to bank and from one exchange to another. It is important to choose a registered exchange or a reputed bank to get the best exchange rate.

Some of the best places to exchange currency are

  • Banks

Banks are the preferred place for currency exchange for most of the travelers. Exchanging currency at your home bank helps you to get good exchange rates. However, it is advisable to enquire about the fees and other charges levied by the bank on foreign exchange transactions. Most of the big banks sell foreign currency to their customers at local branches and they also offer online services.

  • Currency exchanges

Currency exchanges are another option to get best value for your money. You can visit a reputed currency exchange or order cash online. Some popular currency exchanges offer no-obligation quotes to their customers. However, it is recommended to shop around and choose an exchange that offers the best exchange rates. Choosing a registered exchange with good credentials will help you to be safe from scams and counterfeit currency.

  • ATMs

Once you reach the destination, you can use your bank ATM or debit card to withdraw money. Some banks charge a transaction fees for foreign withdrawals. Choose a card that does not have any fees or transaction charges. Try to use ATMs of banks that have a partnership with your bank.

Hotels, airports and currency exchange kiosks can also be used to exchange money in emergency. But try to avoid these places as the rates are quite high, when compared to banks and currency exchanges. The best place to exchange money at a foreign destination is a reputed currency exchange or a bank that offer good rates.

Finding The Right Auto Parts For Your Car Race

Car racing has become an exciting sports especially among men. It is not just about who reaches the finish line but also the exhibitions and beauty of different cars in one racing field. While cars are being prepared for a long time to be shown off on the game, this does not mean that they are not susceptible to emergencies and unexpected damages. If you are into racing sports and you do not want any mishaps, it is only right to ensure the quality of your vehicle. To achieve this, you should know where to get auto parts with the highest standards.

There are a lot of portals where you can find the Auto Parts you need. But if you are busy with your schedule and you want a convenient shop, the best choice is to go over the internet. This, however, can be scary because anything can be a scam online. To avoid this, reading reviews is a must before starting the purchasing process. Look for unbiased customers and compare one feedback to another. There are also international companies that auction their parts. A simple participation in this auction may already help you avail great deals on classic car parts. Keep in mind that there can be a number of online venues for your car needs but the most important step is to conduct an adequate research before sending your payment. You may look for reliable auto forums or resources of advice and reviews.

Although shopping online means buying products without stepping out of your home, some car owners still opt for a physical store. The reason is that they get to see, touch, and examine the Auto Parts and talk to the mechanics face to face. This is common among customers who want to ensure the quality of products and do not rely on reviews over the internet. This is ideal if you want to ask some important questions and check the credibility of the shop. Attending to the needs of your car requires meticulous skills if you do not wish to compromise both the quality of your car and your safety as a driver.