The forex market is calm this morning with most major exchange rates unchanged from yesterday. Investors are pondering comments by Federal Reserve Chairman Powell who very gingerly broached the topic…
The Canadian dollar is down 0.4% this morning as oil slumps. The exchange rate is now trading very near the Interchange Financial Short-Term Consensus Forecast (for end of March). Overall…
The Canadian dollar is unchanged this morning after a week which saw it trade up to 3-year highs in response to a very dovish Fed statement, before giving up some…
The near term picture for USD to CAD is going to be dominated by two opposing trends. Helping to push the Canadian dollar up is extraordinary support from central banks…
All eyes were on the Fed yesterday as the market looked to the US central bank to provide guidance on monetary policy in light of the accelerating recovery. The Fed’s…
February inflation in Canada came in below expectations which caused the Canadian dollar to give up 0.2% against the US dollar. Despite the move, the Loonie continues to trade just…
The Canadian dollar continues to hover near 3-year highs this morning despite the fact that oil is down 1.5%. More broadly, the markets are in a holding pattern while we…
The Canadian dollar is flat this morning but it is already trading at the highest levels since February of 2018. Friday’s stronger-than-expected jobs number was the catalyst for the Loonie’s…
What a week it has been for the markets! From fears of inflation and rising bond yields to a reversal of all of that and record stock prices and the…
The Bank of Canada acknowledged the strong economic recovery but gave no hints as to when it might begin slowing down the pace of bond purchases or consider raising rates. …