Corporate foreign exchange news

Published by Jamie JemmesonThere are still considerable investment opportunities in the Canadian real estate market, but research is essential, according to BuyAssociation.Paul Collins, editor of the property website, said the Canadian market has stood uncommonly well in the past year thanks to an influx of foreign lifestyle buyers and a desire for stable, predictable property investments."The third reason is that Canada has weathered the global recession reasonably well in comparison to other countries that are pretty similar in makeup," he said, adding that the country has been able to call upon a budget surplus accrued during periods of greater economic strength.According to recent figures from the Canadian Real Estate Association, the average house price in the country was up 19 per cent year-over-year in December 2009, while sales were up 7.7 per cent over the year.For those who are planning a move overseas, buying foreign currency at the right time may result in substantial savings and free up extra cash to spend on renovating a new property.For more information on purchasing currency for regular or one-off payments, visit our Personal FX site