fbpx Skip to main content

Cart

Daily Updates

USD to CAD Morning Update — July 22, 2020

Inflation figures in Canada were surprisingly robust, with prices (excluding gasoline) in June up 1.2% from the prior year.  The news reinforces the view that Canada is emerging from the shutdown at a healthy pace.  The Canadian dollar is now trading near its highest level since the beginning of the crisis in early March.  The strength is partially due to the economic picture in Canada but mostly due to overall USD weakness.  The US dollar selling has been accelerating over the last week against most major currencies.  The reasons are complex and multifaceted.  The EU deal to finance the recovery is part of the USD selling.  The strength in the stock markets as an indication of the risk-on environment is another reason.  And the poor US response to the Covid crisis is also part of the reason.


Are you looking for a better exchange rate?

Get the best exchange rate

Receive daily updates on Canadian dollar

Account to Account Service at Interchange Currency Exchange

Account to Account

If you have US dollar bank account in Canada and are looking to convert in your bank account at better rates than offered by your bank, then this service is for you.

Cash transactions at Interchange Currency Exchange

Cash

We have exchange rates that are much better than the banks and we charge no fees.

Money Transfer services at Interchange Financial

Money Transfer

If you are transferring money internationally or receiving money from overseas, we can help you save money as well because of our better exchange rates.