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Money Moves Every Student Should Master Before Day One

  Starting college or university is exciting — but it’s also the first real test of your financial independence. Building smart money habits early can save you stress (and debt) later. Here’s how to set yourself up for success: Create a realistic budget Track your income (allowance, part‑time job, scholarships) and expenses (rent, food, books, entertainment). Use budgeting apps to keep it simple. Separate needs from wants Essentials like tuition, housing, and groceries come first. Nights out and impulse buys should fit only within leftover funds. Use student discounts From software to public transit, your student ID is a money‑saving tool. Always ask if a discount is available. Limit credit card use Credit can build your score — or bury you in debt. Pay off the balance in full each month to avoid interest. Cook more, order less Meal prepping can cut food costs in half and keep you healthier. Start an emergency fund Even $10 a week adds up. A small cushion ...
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C$ Climbs to 6-Day High on Fed Rate Cut Forecast

 


In a positive turn of events, the Canadian dollar (C$) has strengthened to a six-day high against its U.S. counterpart. Investors are celebrating the Federal Reserve’s decision to stick with its interest rate-cutting forecast for 2024.

Here are the key points:

  • The loonie (as the Canadian dollar is affectionately known) is trading 0.5% higher at 1.35 to the U.S. dollar, or 74.07 U.S. cents. It touched its strongest intraday level since last Thursday at 1.3491.
  • The Federal Reserve held interest rates steady, but policymakers indicated they still expect to reduce rates by three 25-basis-point cuts by the end of 2024. This is despite slower-than-expected progress toward the U.S. central bank’s 2% inflation target.
  • Wall Street rallied, U.S. Treasury yields fell, and the U.S. dollar lost ground against a basket of major currencies.
  • The Bank of Canada also expects to ease rates this year, as revealed in the minutes from the central bank’s policy meeting earlier this month. However, policymakers remain divided over when there will be enough evidence that conditions are right for cuts.
  • The decline in the price of oil, one of Canada’s major exports, had little impact on the loonie. U.S. crude oil futures settled 2.1% lower at $81.68 a barrel, giving back some recent gains.
  • Canadian government yields fell across the curve, tracking moves in U.S. Treasuries. The 10-year yield was down 3.2 basis points at 3.492%, extending its pullback from the highest intraday level in one month at 3.624% on Tuesday.

In summary, the Canadian dollar’s ascent reflects optimism about the Fed’s commitment to rate cuts, while the Bank of Canada keeps a close eye on economic conditions. 


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