The Canadian dollar (CAD) is hovering around 1.3710 against the U.S. dollar Tuesday morning, and once again USD/CAD is grinding around the key 1.3700 level.
Every attempt by the U.S. dollar to push higher has been met with selling pressure near 1.3725. That resistance level continues to hold, keeping the USD/CAD exchange rate locked in a tight range.
USD/CAD has weakened nearly two cents over the past couple of days, pushing the Canadian Dollar to its strongest levels in weeks and leaving it within striking distance of multi-year…
The Canadian dollar has been gaining ground this week, helped largely by a softer U.S. dollar and a modest rebound in oil prices. USD/CAD has drifted lower to start 2026 and is now trading near its best levels since last summer. On the surface, it looks like the loonie has finally found some momentum.
The Canadian dollar posted a strong week last week, though momentum briefly stalled on Monday as fresh U.S. tariff rhetoric rattled currency markets. This time, attention shifted to Canada’s trade relationship with China. While the headlines added noise and short-term volatility, investors largely shrugged off the threats from the White House. By Tuesday, the Canadian dollar continued to climb, gaining roughly three-quarters of a cent and extending its advance to nearly three cents over the past week.
