At the onset of the pandemic and the consequent market panic, the US dollar played its traditional safe-haven role and surged to the levels not seen in Canada since 2003. …
Bitcoin is down 30% in the last 24 hours while stocks look set to open materially down. The immediate catalyst for the drop in Bitcoin seems to have been tightening…
The Canadian dollar advanced to a 6-year high as a result of overall US dollar weakness and rising oil prices. The Loonie is now up 5% against its U.S. peer…
The Canadian dollar starts the week at around the same level where it ended last week. On the one hand, market sentiment is slightly negative as investors worry about the…
It has been a volatile week for the the USD to CAD exchange rate. The Canadian dollar started the week trading at near 6 year highs as April jobs numbers…
This morning, another gauge of April inflation in the US (this time the Producer Price Index) indicated that price increases are running hotter than expected. Yesterday, the Consumer Price Index…
All eyes were on April inflation numbers in the US this morning and it came in hotter than expected. Core inflation showed that prices increased 3% from April 2020 and…
The Canadian dollar is down a modest 0.1% this morning as attention is focused on stock markets where technology stocks are continuing a sell-off that started yesterday and accelerated into…
Energy prices are on the rise as one of the largest pipeline companies in the US was the target of a cyber attack which has shut down much of its…
The Canadian dollar is down 0.2% after trading near its highest level since April of 2015 overnight. The Loonie has been surging for the last couple of weeks on the…