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Daily Updates

USD to CAD Morning Update — July 2, 2020

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 markets which are indicated to open higher by over 1%.  Oil is also up 1%.  The mood could be short-lived though given that the jobs number did not account for the more recent roll backs in many US states.   Meanwhile in Canada, the negative trade balance narrowed in May with imports down but exports rebounding a bit.  The USD to CAD rate shrugged off all of it and remains flat.


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