We have received a lot of pushback on our description of the USD/CAD exchange rate as “volatile” but “directionless” over the last couple of weeks, especially from USD bears who…
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The Canadian dollar is flat this morning as the markets focus on a speech expected today from Joe Biden that will detail the scale of his proposed spending package in…
Canada’s largest province, Ontario, has declared a state of emergency that will further restrict economic activity. While the measures will likely negatively impact growth for the first quarter, they are…
So far in 2021, the US dollar has traded in an unusually wide 2 penny range against the Canadian dollar; as high as 1.283 and as low 1.263. The US…
The Canadian dollar is down over 1% as the US dollar shows material and broad strength. The emergence of a real possibility of the impeachment and/or removal of the President…
Job creation came to a halt in December as restrictions brought on by surging Covid-19 cases hammered virus-sensitive industries, particularly restaurants and hotels. The total job losses in the month…
The markets brushed off the events in Washington, as we suggested they would in yesterday’s note. So, after three days of relatively wide fluctuations, the Canadian dollar is right back…
The Canadian dollar has traded in an unusually wide range of nearly 2 pennies in the first two trading days of 2021 and it has has fluctuated wildly within that…
Yesterday, the first day of trading for 2021, was an interesting one. After slipping in the morning to near 2 1/2 year lows in the morning, the US dollar regained…
Happy New Year! What will the new year bring in the financial markets? Only time will tell and we have our views which we have shared previously. What we can…