The US to Canadian dollar exchange rate has had a volatile few days around yesterday’s Federal Reserve announcement. The US currency started the week at 1.272 CAD but steadily climbed…
As all eyes turn to the US Federal Reserve, the US dollar is trading its highest level against the Canadian dollar since the start of 2021. The market’s consensus view…
US wholesale inflation, which is often a leading indicator of consumer inflation, hit its highest level in November in over a decade. That news comes shortly after we heard on…
A month ago we summarized the performance of the Canadian dollar in 2021. Just a couple of weeks later, the Omicron virus hit the financial markets and changed everything, including…
The Bank of Canada acknowledged both the surprisingly persistent inflationary pressures as well as uncertainty associated with Omicron but indicated that neither factor has changed the monetary policy plans laid…
The Canadian dollar is up nearly 1.5% over its recent lows and is having its best couple of days in quite a few months. The gains have come as investors…
The Canadian dollar popped this morning as the November jobs numbers surprised in opposite directions on either side of the 49th parallel. The U.S. economy created far fewer jobs than…
The Canadian dollar is once again nearing its lowest level for 2021 against the US dollar. At the moment, USD to CAD is at 1.283 (CAD to USD is at…
In the last five days, the USD to CAD exchange rate has traded as high as 1.282 and as low as 1.264. The heightened volatility has come as financial markets…
Global and domestic developments are pulling the Canadian dollar in opposite directions today. Canada’s economic growth in the third quarter outpaced expectations by a significant margin. The economy grew at…