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Financial Terms

CAD

The value of CAD is determined by many factors including the country's economic stability, inflation rate, and global trade agreements.

The Canadian Dollar (CAD) serves as the official currency of Canada, with a conversion rate of 1 CAD being equivalent to 100 cents, denoted by the $ symbol. However, its value is not solely dependent on its denomination, as it is influenced by various factors such as the country's economic stability, inflation rate, and international trade agreements. A thorough understanding of these elements is crucial in comprehending the intricacies of the Canadian Dollar.

L-shaped Recovery

An L-shaped recovery is a term used to describe a specific pattern in economic charts during a recession and its subsequent recovery. This shape resembles the letter "L" and...

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GDP

It is used as a measure of a country's economic growth and overall wealth. Let's discuss one of the key terms in the world of finance - the gross domestic product (GDP). Th...

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EBITD

EBITD, also known as Earnings Before Interest, Tax, and Depreciation, is a financial metric that assesses a company's financial performance. It is calculated by subtracting ...

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Finance Bill

During the parliamentary session following the Budget presentation, a Bill is introduced to outline the changes in tax policy that were announced. This Bill serves as a cruc...

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