It might be useful to take a step back and review the performance of USD to CAD during the pandemic. Prior to the pandemic, the exchange rate was roughly at…
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Over the course of the last two weeks of April, the Canadian dollar gained 3% against the US dollar and continues to trade at a multi-year high. The move is…
The Canadian dollar is trading levels last seen in 2017. USD to CAD had been rangebound for most of the last month until Wednesday when the Bank of Canada put…
The Federal Reserve did not step back one inch from its aggressively dovish stance yesterday, placing it at the opposite end of the spectrum from the Bank of Canada which…
Markets are in wait-and-see mode this morning and largely unchanged as we await the Federal Reserve announcement later today. Let’s review where are right now. Stocks continue to hover around…
The Canadian dollar is flat this morning but it gained 0.5% during the day yesterday and is now trading at its highest level since January of 2018. The move in…
The Canadian dollar is up 0.2% this morning and is trading half a penny away from its highest levels since the beginning of 2018. The Loonie has now gained nearly…
The Canadian dollar has had an interesting ride this week (see graph). We started the week trading within range of where the exchange rate has been for about a month. …
The Canadian dollar surged by a penny against USD after the Bank of Canada came out with a statement that was surprisingly optimistic about the economy. Importantly, the Bank indicated…
It is Bank of Canada day and all eyes will be on the central bank and its Monetary Policy Report to assess the Bank’s current thinking about the economic picture…