fbpx Skip to main content


Daily Updates

Canadian Dollar Morning Update — May 29, 2020

The GDP figures for the first quarter, for March, and for April were all “bad” but within expectations.  GDP dropped at an annualized 8.2 per cent in the first quarter.  Economists had anticipated a 10 per cent decline.  In April, the preliminary estimate is that GDP fell by 11%.  The Canadian dollar remains at yesterday’s closing levels.  Attention will now turn again towards international developments with Trump’s “China news conference” in focus.  If the news conference is seen as leading to substantive deterioration in US/China relations, we expect the Canadian dollar to trade down.  If, on the other hand, it is seen as campaign rhetoric then we do not expect the markets to be impacted.

Are you looking for a better exchange rate?

Get the best exchange rate

Receive daily updates on Canadian dollar

Account to Account Service at Interchange Currency Exchange

Account to Account

If you have US dollar bank account in Canada and are looking to convert in your bank account at better rates than offered by your bank, then this service is for you.

Cash transactions at Interchange Currency Exchange


We have exchange rates that are much better than the banks and we charge no fees.

Money Transfer services at Interchange Financial

Money Transfer

If you are transferring money internationally or receiving money from overseas, we can help you save money as well because of our better exchange rates.