Since the start of this week, the Canadian dollar has declined against the US dollar by over 1%. There are several factors behind the softness in the loonie this week. …
The Canadian dollar is trading near its lowest levels since April as the Bank of Canada’s interest rate statement and quarterly review balanced optimism about economic recovery with caution about…
The markets are awaiting the Bank of Canada’s interest rate statement as well as its quarterly Monetary Policy Report at 10 am this morning. In April, the bank pulled back…
The US dollar jumped broadly (0.5% against CAD) after a hotter-than-expected inflation report revived fears that the Federal Reserve would be forced to move more quickly than currently expected to…
The US dollar starts the week up 0.4% against the Canadian dollar as the markets start the week on a bit of a negative note amid concerns about the decelerating…
Canada’s job market is making a comeback from the declines experienced earlier in the year resulting from the third wave of Covid and the associated lockdowns. In June, the economy…
The US dollar rally is back on after pausing yesterday. This morning the USD up 0.7% against CAD and the greenback is now roughly 5 pennies higher than the lows…
Yesterday, we saw a notable decline in the value of the CAD against USD. The value of USD to CAD is now at 1.245 (CAD to USD: 0.803). The loonie…
Oil touched its highest level in six years after OPEC+ talks failed to produce an agreement on a supply increase. With the current deal set to expire in August, it…
With the US markets closed for the Independence Day holiday, the focus is on oil prices which are continuing to hold steady this morning at near 6-year highs. OPEC+ is…