CHRISTMAS ISLAND DOLLAR
Previous currency of Christmas Island, an Australian island in the Indian Ocean. Today, the currency is obsolete as this island is using the Australian dollar as its currency. Dollarization refers to changing of a local currency to using another jurisdiction’s currency.
POPULAR TERMS
Clone Fund
Mutual fund emulating the performance or technique of a bigger and successful mutual fund. A mutual fund company set it up when the original fund b ...
Detariffing
Removing the pricing regulations of an industry, set forth by tariffs created by a regulatory body. It allows an industry to price its goods at mar ...
GDP Gap
Forfeited output of a nation’s economy as the result of the failure to generate sufficient jobs for all those willing to work.
Going Private
Transaction or series of transactions shifting a publicly traded company into a private entity. Once private, the shareholders can no longer trade ...
Savior Plan
Savior Plan occurs when the management and employees borrow money and then invest in their failing company in an attempt to save it.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 03:00 | ANZ Commodity Prices | Mar | |
| 03:00 | MI Inflation Gauge | Mar | |
| 07:00 | Consumer Confidence | Mar | |
| 08:00 | Factory Orders | Feb | |
| 10:30 | Construction PMI | Mar | |
| 10:30 | Sentix Investor Confidence | Apr | |
| 10:30 | Housing Equity Withdrawal | 4 quarter | |
| 16:30 | Overview of business prospects, according to the Bank of Canada | 1 quarter | |
| 16:30 | Bank of Canada Interest Rate Decision | 1 quarter |
