The Bank of Canada is set to make its interest rate announcement tomorrow in an unusually tricky environment. Second quarter GDP growth in Canada was hugely and surprisingly disappointing. One…
The US dollar is at its lowest level in three weeks against the Canadian dollar as the economic picture gets murkier. USD to CAD is currently at 1.253 (CAD to…
The story of lumber prices and their impact on the Canadian dollar has really not gotten enough attention. Lumber prices rallied in the first few months of this year to…
The Canadian dollar has quickly rebounded from the dip experienced yesterday due to the shock miss in second quarter GDP. USD to CAD is currently at 1.260 (CAD to USD…
The Canadian dollar has steadied at around a two-week high against the US dollar. USD to CAD is at 1.260 (CAD to USD at 0.783). The US dollar took a…
The Canadian dollar is flat ahead of Chairman Powell’s highly anticipated speech at 10 am this morning. USD to CAD is at 1.269 (CAD to USD at 0.789). The annual…
Oil prices are down for the first day in four days as the commodity’s recovery peters out after last week’s plunge. Oil is down as renewed virus restrictions are announced…
After two days of significant declines for the US dollar, the greenback is up by a modest 0.3% against the Canadian dollar this morning. At the moment, USD to CAD…
USD to CAD Update: Canadian dollar fully recovers from last week’s drop as appetite for risk returns
What a ride it has been for the Canadian currency in the last five trading days! Starting on Wednesday afternoon, the loonie was the weakest major currency and lost 2.5%…
The Canadian dollar is up 0.8% this morning after touching seven month lows on Friday. At the moment USD to CAD is at 1.272 (CAD to USD at 0.786). Equities…