The markets are taking a bit of a breather. Stocks are down slightly from record levels. Oil prices are flattish and even bitcoin is down a bit today. The USD…
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USD to CAD Update: US January Retail Sales and Inflation Higher than Expected, USD Gains Against CAD
Price pressures, which have been obvious for a while, are beginning to show up in official inflation figures. In the US, core PPI was up 2% from last January, well…
The US dollar starts the shortened week roughly where it ended last week but that is only after losing ground against the Canadian dollar over the long weekend and then…
The US dollar has regained some of the lost ground from earlier this week and is up 0.4% this morning against the Canadian dollar. The stronger US dollar comes as…
The US dollar is down 0.2% this morning against the Canadian dollar. Since the beginning of the week, the US dollar has slowly but surely lost about 0.8% of its…
With stocks renewing their move up today and USD to CAD unchanged, we continue to see the decoupling of the exchange rate from equity prices. Yesterday, we started out similarly…
Markets are taking a slight breather from their recent runs which have pushed stocks to record levels and oil to pre-pandemic highs. The Canadian dollar is flattish and in the…
Stocks are once again hitting record levels globally and oil continues to climb up as a decline in infections and the increasing likelihood of a large ($1.9 trillion) and speedy…
Ouch! The unemployment rate in Canada rose 0.6% to 9.4%, the highest rate since August 2020. The country lost 213 thousand jobs in January, well above the expected 47 thousand…
The US dollar is up 0.2% against the Canadian dollar this morning as equities and oil start the day slightly to the upside. We do not expect much volatility today…