The blowout jobs report in the US on Friday and the accelerating vaccination efforts in that country are further fueling the sense of overall economic optimism. Stocks are once again…
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USD to CAD looks like it will end the week right around the 1.260 level, which is roughly where it started the week. The Loonie is up just 1.5% against…
The Canadian dollar grew 0.7% in January, above the previously estimated 0.5%. Total economic activity is now only 3% below pre-pandemic levels in February of 2020. There is really nothing…
As we enter the holiday shortened week, USD to CAD continues to hover around the 1.260 level, consistent with our short-term consensus forecast. Canadian GDP figures for January will be…
The Canadian dollar is up modestly (0.2%) this morning as oil prices firm up. The markets overall are mixed with equities looking up slightly while long term yields are once…
The forex market is calm this morning with most major exchange rates unchanged from yesterday. Investors are pondering comments by Federal Reserve Chairman Powell who very gingerly broached the topic…
The Canadian dollar is down 0.4% this morning as oil slumps. The exchange rate is now trading very near the Interchange Financial Short-Term Consensus Forecast (for end of March). Overall…
The Canadian dollar is unchanged this morning after a week which saw it trade up to 3-year highs in response to a very dovish Fed statement, before giving up some…
The near term picture for USD to CAD is going to be dominated by two opposing trends. Helping to push the Canadian dollar up is extraordinary support from central banks…
All eyes were on the Fed yesterday as the market looked to the US central bank to provide guidance on monetary policy in light of the accelerating recovery. The Fed’s…