The Canadian dollar continues to spin its wheels against the US dollar, with USDCAD stuck just above 1.36 as markets wait for something strong enough to finally break the pair…
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After sliding to four-month lows earlier this week, the Canadian dollar (CAD) has bounced back on Wednesday morning as global markets flipped from fear to optimism almost overnight, following President Trump’s comments which gave the clearest indications yet that the U.S. will be ending military operations against Iran in the next two to three weeks.
The Canadian dollar is weakening on Wednesday morning as markets react to a fresh wave of geopolitical headlines out of the Middle East. While optimism around potential peace talks has lifted global equities, currency markets are taking a more cautious approach and that’s keeping pressure on the loonie.
The Canadian dollar (CAD) is once again finding itself pulled in two directions. On one hand, rising oil prices are giving the currency some support. On the other, global uncertainty…
The Canadian dollar (CAD) is hovering around 1.3710 against the U.S. dollar Tuesday morning, and once again USD/CAD is grinding around the key 1.3700 level.
Every attempt by the U.S. dollar to push higher has been met with selling pressure near 1.3725. That resistance level continues to hold, keeping the USD/CAD exchange rate locked in a tight range.
USD/CAD has weakened nearly two cents over the past couple of days, pushing the Canadian Dollar to its strongest levels in weeks and leaving it within striking distance of multi-year…
The Canadian dollar has been gaining ground this week, helped largely by a softer U.S. dollar and a modest rebound in oil prices. USD/CAD has drifted lower to start 2026 and is now trading near its best levels since last summer. On the surface, it looks like the loonie has finally found some momentum.
The Canadian dollar posted a strong week last week, though momentum briefly stalled on Monday as fresh U.S. tariff rhetoric rattled currency markets. This time, attention shifted to Canada’s trade relationship with China. While the headlines added noise and short-term volatility, investors largely shrugged off the threats from the White House. By Tuesday, the Canadian dollar continued to climb, gaining roughly three-quarters of a cent and extending its advance to nearly three cents over the past week.
On Tuesday, the loonie strengthened to 1.3815 per U.S. dollar and briefly traded below 1.38 overnight, marking its strongest intraday move since January 7. Markets were rattled by President Trump’s tough rhetoric on potential tariffs against Europe and by earlier comments suggesting the possible use of force to acquire Greenland, which triggered broad U.S. dollar weakness.
By Wednesday morning, after President Trump ruled out any military intervention during his speech in Davos, Switzerland, volatility eased and the Canadian dollar stabilised around the 1.3830 level.
The Canadian dollar continued its climb this week, touching its strongest level in nearly three months after a combination of stronger domestic data and broad weakness in the U.S. dollar. The loonie traded around 1.3765 per U.S. dollar, which equals roughly 72.65 U.S. cents. During the session, it briefly reached 1.3757, a level not seen since September.