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 currency markets have been caught between the the conflicting influences of positive economic data and the increasing number of coronavirus cases. Next week will bring some clarity as we absorb further coronavirus statistics from the US as well as more economic data points from Canada and around the world. Overall, the markets are calm as we head into the US Independence Day holiday weekend. Equities are up slightly but oil is down by over 1% on supply concerns and despite strong economic news out of China.
Account to Account