Erica Alini

Posts by this Author

Loonie

Blogs & Comment

The beginning of the end of QE could be near: Erica Alini

Risk:

LOW

Obama’s decision to extend the Bush tax cuts bodes ill for a strong greenback in the long term. As noted by Camilla Sutton, a Scotia Capital currency strategist, the dollar is likely to resume a depreciatory trend because “its fiscal position is weak and, worse, there is only a limited plan in place to improve it.” That said, there is a good chance the greenback will rise this year due to European debt issues. After all, the euro’s days as a contender for global reserve currency are now on hold at best. And despite America’s spending habits, the greenback is still seen as a safe haven whenever financial crises — including ones caused by Americans — hit because most major countries want to maintain the value of their national reserves, which include dollar-denominated assets. As a result, the risk of a run on America’s currency has declined in recent months.

Blogs & Comment

Americans are spending, but where’s the money coming from? – Erica Alini

Prime Minister Stephen Harper speaks at the Council on Foreign Relations in New York, May 16, 2013 (Photo: Canadian Press/Adrian Wyld)

Blogs & Comment

Harper plays nice guy on Keystone: Erica Alini

(AP Photo/LM Otero, File)

Blogs & Comment

U.S. shrugging off the sequester? – Erica Alini

(Photo: Jamie Grill/Getty)

Blogs & Comment

Bernanke and Carney on asset bubbles