Bay Street is a colloquial term that refers to Canada's financial district, located in Toronto, Ontario. The name is derived from Bay Street, which is the main thoroughfare in the area and home to many of Canada's major banks, insurance companies, and investment firms. The Toronto Stock Exchange (TSX), the country's primary stock exchange, is also located on Bay Street.
The term "Bay Street" is often used to refer to the Canadian financial industry as a whole, and the people who work in it, including investment bankers, financial analysts, and traders. It is similar to the term Wall Street, which is used to refer to the financial district in New York City and the U.S. financial industry.
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USDCAD falls back below the 100/200 hour MAs and that tilts the bias back down
USDCAD falls back below the 100/200 hour MAs and that tilts the bias back down
USDCAD tests 200 hour MA at 1.3270. Barometer for buyers and sellers.
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USDCAD runs higher to test the 38.2%, but backs off. What next?
USDCAD runs higher to test the 38.2%, but backs off. What next?
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