This valuation is a result of the dynamic forces of supply and demand in the foreign exchange market. The Canadian Dollar, also known as the Loonie, is the official currency of Canada. It’s considered one of the world’s most stable and widely traded currencies, backed by Canada’s strong economy and high standard of living. On […]
Exchange rates, like the CAD to PKR rate, are shaped by several factors, including: Supply and Demand: A currency’s value depends largely on its global demand. For example, increased purchases of Canadian goods or investments in Canadian assets boost CAD demand, raising its value. Interest Rates: Higher interest rates in Canada can draw foreign investors, […]
The comments showed the extent to which relations between the U.S. and Canada, two long-time allies and major trading partners, have deteriorated since Trump imposed tariffs on Canada and threatened to annex it as the 51st state. Although the next election was not due until October 20, Carney is hoping to capitalize on a remarkable […]
Elsewhere, the yen gave up more of its recent gains as markets backed off a small chance of the Bank of Japan (BOJ) raising interest rates in May. Sowing more volatility across markets, U.S. President Donald Trump threatened to hit imports of wine, cognac, and other alcohol from Europe with a 200% tariff. The escalating […]
The CAD to PKR exchange rate is a crucial indicator for thousands of Pakistani expatriates residing in Canada, as well as for businesses involved in trade between the two countries. Given the significant role remittances play in Pakistan’s economy, fluctuations in this rate directly impact the financial well-being of families who depend on funds sent […]
A rise in global trade tensions and worries over U.S. recession risks have rattled global markets and sparked huge volatility in currencies, as traders seesaw between relief and angst over U.S. President Donald Trump’s whip-saw policy changes. Markets were a tad calmer in the Asian session on Thursday as investors caught a break from the […]
Carney will take over at a tumultuous time in Canada, which is in the midst of a trade war with longtime ally the United States under President Donald Trump and must hold a general election soon. Mark Carney, 59, took 86% of votes cast to beat former Finance Minister Chrystia Freeland in a contest in […]
The levies, announced by the commerce ministry and scheduled to take effect on March 20, match the 100% and 25% import duties Canada slapped on China-made electric vehicles and steel and aluminum products just over four months ago. By excluding canola, which is also known as rapeseed, and was one of Canada’s top exports to […]
The event was attended by senior diplomats from the High Commission, as well as the Consuls General of Toronto and Montreal, and the Trade & Investment Counsellor. During his meeting with the Governor General, Ambassador Saleem conveyed greetings from Pakistan’s President, Prime Minister, and people to the leadership and citizens of Canada. He emphasized the […]
Overseas Pakistanis must obtain the NICOP as it extends various benefits to them as they get exemptions on property taxes and others. The overseas can also get the protection of rights that all Pakistanis enjoy if they hold NICOP. It is mandatory for the applicant to provide the passport number while submitting an application for […]
