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The Canadian Factors Making Bitcoin’s $100K Milestone Possible

Fluctuations in Forex Pairings and the USD Exchange Rate

Of course, based purely on the fact that its price is given in USD but extracted in CAD the change of rates between USD and CAD influences the price of Bitcoin based on other indications such as the strong US dollar and variable forex rates. Such oscillations can generate value skewed inside the crypto market, and make Bitcoin an even more desirable investment in Canada as a hedge against exchange rate swings.

Rising Inflation Rates

The latest emerging inflation rates in countries such as Canada have also benefited digital assets in the recent past due to investors’ sentiments. Few, if any, other financial assets can lay claim to being inflation-proof the way Bitcoin has, which perhaps explains why Canadian investors have turned their attention to it as a store of value. This economic environment has pushed more people to invest in Bitcoin as a hedge which has led to its record-breaking prices.

Distinct Canadian Central Bank Policies

Both the Canadian and the world’s economies generally resemble the U.S., but there are turning points that distinguish Canada’s central bank policies, thus investing in this country differently. Both these policies have given more thrust to the current upsurge of Bitcoin as more investors in Canada are looking for such different investment avenues due to dismal interest rates and different regulatory approaches towards Bitcoins.

Shifts in Investor Sentiment

There has been an incredible level of optimism from investors toward Bitcoin as we have seen many Canadian institutions and individuals investing in the digital currency. Such dynamic interest is due to speculation as well as high returns from holding Bitcoins, besides the fluctuations in the altcoin market that present Bitcoin as a more secure premier technology in Canada.

Changes in the Global Crypto Market

Finally, the overall change in the crypto market around the globe has been a dynamic in the Canadian valuation of Bitcoins. A very important aspect that has helped boost Bitcoin in Canada and has continued to put the country forward as a favorite destination for investors in crypto markets is the fact that the country has a better regulatory structure.

Parenting 101: Here are 3 great ways to give back as a family this holiday season

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The holidays are the perfect time to wrangle up your family and friends, and give back. After all, we have all been blessed with so much – it’s important to give back at this time of the year. And with so many local charities and organizations looking for some helping hands, it couldn’t be easier to play Santa’s little helper this season.

Every year, A Canadians Cooking (who does some of our amazing recipes) prints one piece of merch and donates 100% of all the profits to charities. This year they are printing bandanas and donating all the profits to animal rescues. The profits will be divided between Humane Canada, Rosies Animal Adoption, and sauvetage lapins errants. The bandanas are selling for $12 each with the option to round up to $15. The bandanas are printed by a local small business, so the purchasing and work was also given to a local business. If you would like to order, send A Canadians Cooking a direct message on either Facebook or Instagram, or you can email your order to acanadianscooking@gmail.com. Sales will be taking place until January 8th. Also, prizes may be won with each purchase at the end of the initiative.

Elves Filling Shelves is a local West Island initiative started by a family who wanted to help a few other less-fortunate families in their community. “A few” has grown into a lot, and they will be helping more than 50 families this holiday season with food donations, gifts, clothing, and more. They match donor families with families in need and provide a shopping list of things that they need. They also accept donations. It’s a great way to get your own family involved in choosing the items, plus kids really identify with the fact that they are helping someone their own age. We did it last year and it was a tremendous experience.

The Montreal Toy Tea collects toys for children and teens who are staying in battered women’s shelters across the city during the holidays. While in the past this was an in-person event, the last several years it has been virtual. For the 31st edition, they’re back to hosting, and this year it takes place on December 7th at the Royal Montreal Regiment. Children from various schools will perform, snacks and tea will be served, and volunteers will be on-hand to collect the new toys attendees are invited to bring.

– Jennifer Cox

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