USD to CAD has been mostly rangebound between 1.20 to 1.21 since mid May. This morning, the US currency is up broadly and trading just above upper end of that…
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This morning the Canadian dollar is holding steady at just below the 6 year highs and is the best performing G10 currency so far in 2021. So, it is probably…
Canada’s economy continued its recovery driven by a surge in home construction and a rebound in consumption. GDP expanded by annualized 5.6% in the three-month period, which was actually below…
USD to CAD is flattish and this is likely to be one of the quietest trading days of the year for the Canadian dollar as the US (our largest trading…
The US dollar is broadly higher this morning (up 0.3% against CAD) as a key indicator of US inflation came in at 3.1% in April, somewhat higher than expected. The…
The Canadian dollar is up 0.3% this morning as oil hovers around recent highs and equities look to trade up modestly this morning. US weekly jobless claims came in better…
USD to CAD Update: Canadian dollar softer as other central banks begin to catch up to Bank of Canada
The Canadian dollar is showing some softness for the first time in a couple of months. After giving up 0.3% during the day yesterday, the currency is down 0.4% against…
It was the Victoria Day long weekend in Canada and the markets were closed but in terms of the USD to CAD exchange rate, you did not miss much by…
Of all the factors that have contributed to the strength of the Canadian dollar over the last few months, none stands out more than the fact that the Bank of…
At the onset of the pandemic and the consequent market panic, the US dollar played its traditional safe-haven role and surged to the levels not seen in Canada since 2003. …