Sending Money WorldWide The Right Way: A Guide to Sending Money Worldwide from Canada

People are more connected now than in any time before. You can message someone half way across the world and in the blink of an eye they’ve received your communication and you can be conversing just as you would be face to face.

Technology has allowed us to become closer and bridge gaps that otherwise would be impossible. This extends way beyond the casual e-mail or sending cherished photos to loved ones, we can also transfer money across vast space and time and in a flash, find it has entered the desired recipients account.

You may find you need to send money overseas to make payments for goods and services, or may be that you’re sending money to a family member as a gift. Whatever the reason, as a Canadian resident you have a wealth of options available to assist with this, but none quite as easy to use and efficient as Curexe.

Foreign exchange fees are a nasty surprise that you may not be aware of, banks usually take 3.5% or upwards as a fee for these transactions, whereas here at Curexe, we charge a small fee of only 1%.

The compiled guide below will assist you in making the right choices with all the relevant information, so read on to find out just how easy it is to send money worldwide from Canada.

Bank of Canada Raises Interest Rates

A few days ago, the Bank of Canada raised their interest rate for the first time in seven years. Their new interest rate is 0.75 percent. The Bank of Canada’s previous interest rate before the hike was 0.50 percent. Interest rates hiked by a quarter.

After the Bank of Canada raised their interest rate, the prices of the Canadian dollar went up as well. The price of the Canadian dollar was up by $0.76 from the average on July 11, 2017.

The rising interest rates didn’t come as a shock to most people. The interest rate hike was expected after senior Bank of Canada officials discussed in speeches and interviews that lower interest rates had done their jobs and that the Canadian economy was doing well.

Bank of Canada governor Stephen Poloz acknowledged that the bank raised their interest rates despite inflation being lower than its target of two percent. He says that the bank thinks that the weakness in inflation is only temporary.

There are more disadvantages compared to advantages when banks raise their interest rates. Not everyone understands what it means, but it’s important to know.

People usually think about mortgages and saving accounts when they hear that interest rates are rising, but mortgages and saving accounts aren’t the only things impacted. Mortgages and saving accounts are the main things that impact the general public.

Individuals can easily compare changes in them by using websites and mortgage calculators to see how it impacts them.

Higher interest rates negatively impact homeowners, business owners, loan takers, the government, the stock market and the economy.

Canadian Startup Success Stories: Slack

It feels strange to use words like “beloved” when describing a workplace communication app. Words like “fanatic” and “superfan” also seem out of place for an application that people use in place of email in the workplace. However, Canadian startup Slack has won the hearts and minds of millions of teams in industries all over North America and around the world. The story of how they came to be a 3 billion dollar company from a failed video game developer is as compelling as any novel or Academy Award winning film. How did this small team of programmers and designers create one of the most widely used and universally adored workplace apps? Let’s go back to their humble beginnings and see what has made Slack one of Canada’s most successful enterprise software companies.

Canadian Importing and Exporting [INFOGRAPHIC]

Canada does a lot of business with a lot of different countries. However, there is one country that does A LOT of trading with Canada… Can you guess which one?

When you take the scope and focus of Canada’s imports, you’ll see that it was 10th in the world in imports, settling in with $405 billion. The country has seen its imports rise at a steady annual rate of 1.4 percent. In 2010, Canada imported around $368 billion, but increased that number all the way to $405 billion 2015…Not bad work for five years!

Canadian Startup Success Stories: Hootsuite

As part of our new series about Canadian Startups, today we are going to take a look at social media client creator Hootsuite. In an era where most apps that manage social media accounts have faded into mobile history, Hootsuite crossed the 2 million user mark within their first three years. Their continued success and longevity in a volatile market can be attributed to their iron-clad commitment to standing by a an ideal until it becomes reality. It has achieved on-par status with numerous other tech giants thanks to their software-as-service/free-to-premium strategy.

While their heavyweight competitors like Evernote and Dropbox are also still on the rise well past their two million user milestone, Hootsuite has still showed no signs of slowing even in the face of such fierce competition. Their secret sauce for growth is an amalgam of international expansion, community building, and targeted outreach for crowd-sourced multi-language support.

How did this small Canadian mobile software developer achieve their current success so rapidly though? What is the story behind the rise to stardom? Here is a rundown.

What Opportunities Could Brexit Provide for Canadian Businesses?

With its Brexit vote in June 2016, the United Kingdom voted to leave the European Union.

The decision immediately sent shockwaves throughout the entire world.

In Canada, economic experts began weighing the impact Brexit decision has on Canadian businesses.

Many people focused on the potential negative impacts.

While this is normal after any major worldwide financial news, should Canadian businesses take a similar, negative outlook on the future?

Rather, can Canada’s businesses take advantage of emerging opportunities in the wake of the Brexit vote?

Small Business is the BACKBONE of Canada’s Economy

Politicians around the globe seem to go on and on about small businesses but in Canada they do so with good reason. You see – small business is the backbone of the Canadian economy.

Of the 11.6 million people employed in the Canadian private sector, 90.3% of them are employed by SMEs (Small and Medium Enterprises). If you look at the numbers behind this it means that around 10.5 million people in Canada are employed by SMEs. If we look at the wages this generates it paints an interesting picture:

Taking an average wage of around $50,000 and apply that to the numbers employed by the private sector, the wages generated by private sector SMEs totals a whopping $525 billion. (Article continues below)

Canadian Small Business

Sell More on Amazon with These Hacks from the Experts

More than half of shoppers turn to Amazon when they buy products online.

More than half!

They turn to Amazon even before going to Google.

Basically…

… you need to be on Amazon!

However, as we all know, there is no point reinventing the wheel. If there is a tried and tested solution, you should go with the tried and tested solution.

With that in mind, we hit up some leading experts when it comes to selling on Amazon and asked them for their top tips to sell more on Amazon.