The US dollar starts the month of February up 0.2% against the Canadian dollar. The move is part of broad USD strength against most major currencies and comes despite the…
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Canada’s economy grew 0.7% in November which was better than the forecast of 0.4%. In the US, Personal income and spending levels for December also came in at better than…
The financial headlines continue to be dominated by news of retail investors (usually starting out on Reddit) causing meteoric rises in heavily shorted stocks like GameStop (and in the Canadian…
Yesterday, we identified several risks on the horizon for the Canadian dollar and suggested that the next leg in the Loonie would likely be down and not up. Today, one…
The USD to CAD exchange rate is flat as the markets start the week on a steady note, with stocks mixed and oil prices unchanged from Friday’s close. The Canadian…
The Canadian dollar has now given up all the gains it had made earlier in the week in response to the Bank of Canada’s optimistic outlook on the prospects for…
USD to CAD Update: Bank of Canada is Optimistic about Economy but Canadian Dollar Strength a Concern
The Canadian dollar gained 0.8% against USD yesterday and is now trading at its highest levels since early 2018. The move came as the Bank of Canada held rates and…
The Canadian dollar starts the day up 0.3% against the US dollar, as earnings reports continue to surprise to the upside for the second day in a row and help…
The impending cancellation of the Keystone XL project continues to weigh on the Canadian dollar, despite modestly improved risk sentiment this morning. The Canadian currency is slightly (0.15%) stronger against…
The US dollar starts the week at around 1.277 after trading as low as as 1.263 last Thursday — a quick gain of 1.5 pennies over two days. The US…