The Canadian dollar has gained 1% against USD between yesterday morning and today. Contrary to some of the analysis being offered, the move has almost nothing to do with domestic…
The US dollar has started August stronger against most major currencies. This comes after the weakest month performance in July for the US currency index in nearly a decade. Against…
The Canadian economy grew by 4.5 per cent in May as businesses began to reopen after severe lockdowns that began in mid March. The May figure was above the consensus…
The US dollar is having its first notable daily move up in about two weeks — the US currency is currently up 0.7% against the Canadian dollar. Despite all the…
The US dollar continues to be under pressure broadly and is down across the board this morning. The Canadian dollar is up 0.1% against the US currency but is actually…
The currency markets are calm this morning with the USD index flat. The Canadian dollar is weaker by just 0.1%. Oil is down slightly but most of the attention is…
The USD index (DXY) is now at its lowest levels in nearly two years, indicating broad weakness in the US dollar. USD weakness is the key theme of the currency…
The Canadian dollar continues to trade at its highest levels against the US dollar since the beginning of the Covid crisis in early March. The US dollar on the other…
The USD CAD exchange rate is flat this morning. But after the moves of the last two weeks, the Canadian dollar is now at its strongest level since early March…
Inflation figures in Canada were surprisingly robust, with prices (excluding gasoline) in June up 1.2% from the prior year. The news reinforces the view that Canada is emerging from the…