It is only Wednesday morning and it has already been a whirlwind week for the Canadian dollar. Monday saw stocks sell off very heavily on concerns about the spread of…
The US dollar steamed ahead yesterday as the popular reflation trade seemed to be unravelling in the face of renewed worries about Covid variants jeopardizing the global economic recovery. For…
The Canadian dollar is the weakest major currency this morning, down over 1% from Friday. USD to CAD is currently trading at 1.275 (CAD to USD is at 0.748). The…
Since the start of this week, the Canadian dollar has declined against the US dollar by over 1%. There are several factors behind the softness in the loonie this week. …
The Canadian dollar is trading near its lowest levels since April as the Bank of Canada’s interest rate statement and quarterly review balanced optimism about economic recovery with caution about…
The markets are awaiting the Bank of Canada’s interest rate statement as well as its quarterly Monetary Policy Report at 10 am this morning. In April, the bank pulled back…
The US dollar jumped broadly (0.5% against CAD) after a hotter-than-expected inflation report revived fears that the Federal Reserve would be forced to move more quickly than currently expected to…
The US dollar starts the week up 0.4% against the Canadian dollar as the markets start the week on a bit of a negative note amid concerns about the decelerating…
Canada’s job market is making a comeback from the declines experienced earlier in the year resulting from the third wave of Covid and the associated lockdowns. In June, the economy…
The US dollar rally is back on after pausing yesterday. This morning the USD up 0.7% against CAD and the greenback is now roughly 5 pennies higher than the lows…