The Canadian dollar is flat this morning and the market will be paying close attention to the speech by Tiff Macklem later today. The economic consequences of the pandemic have…
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The financial markets start the week on a decidedly more positive note as one country after another announces initial shipments of the Covid vaccine, raising hopes for a swift recovery…
The Canadian dollar has had a busy week. Earlier in the week, the Bank of Canada passed up the opportunity to jawbone the Loonie lower even though the Canadian currency…
The USD/CAD exchange rate is having a volatile day so far. The US dollar is currently down 0.4% against the Canadian dollar and now at its lowest levels since April…
The US dollar continues to grind lower against most major currencies and is down 0.2% against the Canadian dollar this morning. The Loonie continues to trade very near 2.5 year…
The Canadian dollar is holding steady at near 2.5 year highs as we wait to hear from the Bank of Canada tomorrow. No one expects a rate change but the…
The Canadian dollar has gained 1% against the US dollar since Thursday morning. The gains have been largely on the back of a declining US currency which is weakening against…
The US dollar lost 0.2% this morning against its Canadian counterpart as November jobs numbers south of the border missed badly. Non-farm payrolls increased by only 245k whereas economists had…
The Canadian dollar is trading at its highest level since May of 2018. There are three drivers of the increase in the value of the Loonie by 0.3% this morning. …
GDP grew 8.9% in the third quarter, following an 11.3% drop in the second quarter and a 1.9% decline in the first. Despite strong growth in the third quarter (which…