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…
The Canadian dollar continues to hit new multi-year highs. This morning the Loonie is up another 0.3%, this time because the US dollar is broadly weaker. While the Canadian dollar…
It might be useful to take a step back and review the performance of USD to CAD during the pandemic. Prior to the pandemic, the exchange rate was roughly at…
Over the course of the last two weeks of April, the Canadian dollar gained 3% against the US dollar and continues to trade at a multi-year high. The move is…
The Canadian dollar is trading levels last seen in 2017. USD to CAD had been rangebound for most of the last month until Wednesday when the Bank of Canada put…
The Federal Reserve did not step back one inch from its aggressively dovish stance yesterday, placing it at the opposite end of the spectrum from the Bank of Canada which…