For the second day in a row, the Canadian dollar is an underperformer in the currency markets. The USD index (a broad measure of USD against major trading partners) is…
Something that has been rare over the last few months is going on this morning. While the US dollar is drifting lower against most other major currencies, it is actually…
The Canadian dollar is flat this morning and the market will be paying close attention to the speech by Tiff Macklem later today. The economic consequences of the pandemic have…
The financial markets start the week on a decidedly more positive note as one country after another announces initial shipments of the Covid vaccine, raising hopes for a swift recovery…
The Canadian dollar has had a busy week. Earlier in the week, the Bank of Canada passed up the opportunity to jawbone the Loonie lower even though the Canadian currency…
The USD/CAD exchange rate is having a volatile day so far. The US dollar is currently down 0.4% against the Canadian dollar and now at its lowest levels since April…
The US dollar continues to grind lower against most major currencies and is down 0.2% against the Canadian dollar this morning. The Loonie continues to trade very near 2.5 year…
The Canadian dollar is holding steady at near 2.5 year highs as we wait to hear from the Bank of Canada tomorrow. No one expects a rate change but the…
The Canadian dollar has gained 1% against the US dollar since Thursday morning. The gains have been largely on the back of a declining US currency which is weakening against…
The US dollar lost 0.2% this morning against its Canadian counterpart as November jobs numbers south of the border missed badly. Non-farm payrolls increased by only 245k whereas economists had…