On Monday of this week, the Canadian dollar hit a 7-week high against the US dollar. The USD to CAD is currently at 1.252 (CAD to USD 0.7987 ). The CAD…
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A large-scale invasion of Ukraine by Russian troops involving land, air and sea-based assaults is now a reality. As of Sunday morning, Russian troops were pounding Kyiv with citizen-soldiers taking up…
In the first material move for the exchange rate in 2022, the Canadian dollar is up 0.6% against USD and is the strongest performing major currency today. We believe this…
The US Federal Reserve surprised markets with its hawkish tone. That led to a rally in the US dollar but the impact of the strong USD was muted against CAD…
Yesterday, we noted that the markets are looking past the Omicron wave despite the renewed closures and restrictions around the world, and that bond markets in particular were preparing for…
As the poets Rumi and Fitzgerald noted a very long time ago about everything; “this too shall pass“. At least that’s how the financial markets are treating the Omicron variant. …
The stock markets ended the year at record levels with the mood shifting from apprehension about Omicron and impending rate hikes to optimism that latest wave would pass relatively quickly…
As we approach the last few days of trading for the year, it looks like the Canadian dollar will not close the year at its lowest point of the year,…
The Canadian dollar remains at near 13 month lows despite the fact that the broader markets are taking a cautious breather from the risk-off mode of the last few days. …
USD to CAD is up again this morning and now at 1.294, its highest level in 13 months (CAD to USD is at 0.773, its lowest level in 13 months). …