The Canadian dollar is trading at its highest level since September 2018 after gaining 04% this morning. The exchange rate is now trading through the 1.300 barrier for the second…
Read More
The Canadian dollar is 0.2% stronger this morning and has just barely broken through the 1.300 level. It is now at its strongest since the beginning of the pandemic but…
The Canadian dollar has found a level at just above 1.300 this week and it is not budging either way. A combination of factors have made the Canadian dollar very…
The markets are cheering the beginning of the formal Biden transition process. Equities and oil are both up notably on the news but the Canadian dollar is flat despite the…
We start the week with Toronto, Canada’s largest city, under lockdown for at least four weeks. While it is only one city, and we have all now learned to live…
The Canadian dollar is down 0.2% this morning giving up yesterday’s gains. The Loonie continues to trade in the middle of where it has been trading for the last few…
Inflation figures in Canada came in higher than expected, though they remain muted. Year over year, prices rose in October by 0.7%, largely as a result the increased cost of…
Since the onset of the pandemic, the Canadian dollar has been more correlated to stocks than any other asset class. More specifically, it has had the highest correlation to broad…
We started last week with news of a highly effective vaccine being developed by Pfizer. This week, we start with an even more effective vaccine in development by Moderna. The…
The foreign exchange markets are relatively quiet this morning with the Canadian dollar flat against the US dollar. The Loonie has had an interesting week. It hit a two year…