The USD to CAD exchange rate has been trading in a tight range for a few days and is flat this morning. In general, for the last two weeks, the…
Happy belated Canada Day! The Canadian dollar is right around where it left off before Canada Day. A huge job gains number in the US has cheered on the equity…
The Canadian economy contracted by 11.6% in April. The consensus forecast was for a 13% drop in GDP so the result, as bad as it was, is better than expected. …
The USD to CAD exchange rate is steady this morning as markets gear up for a shortened week with the Canada Day holiday on the horizon. Trading is choppy and…
The US dollar is steady this morning as the markets continue to absorb the latest information about the renewed spread of the virus and its potential impact on the economic…
Yesterday, the Canadian dollar started the day down 0.2% and continued to trade down losing 0.5% for the day. This morning the USD to CAD rate is flat. The concern…
The roller coaster ride in sentiment continues. Coronavirus cases continue to rise globally and in certain parts of the US. There is a fear that the reopening will have to…
Bank of Canada’s new Governor Tiff Macklem sounded more dovish and more pessimistic about economic recover yesterday than his predecessor. He emphasised that the bank expects supply to recover faster…
We start the week with the markets looking for direction. We have now had several weeks of elevated volatility caused by sentiment vacillating between hopes for a quick economic recovery…
Retail sales in Canada fell by 26% from March as a result of the shutdowns but rebounded by 19% in May as a result of the reopening. That sort of…