fbpx Skip to main content

Cart

Daily Updates

USD to CAD Morning Update — September 16, 2020

By September 16, 2020No Comments
Canadian dollar
Core inflation in Canada for August was in line with expectations as the Consumer Price Index showed an increase of 0.8% year over year.  The news that the US/Canada border will remain closed until at least the end of October is important as it impacts certain business flows.  On the other hand, in a victory for Canada, the US reversed a decision to impose tariffs on Canadian aluminum.  In the US, August retail sales came in below consensus estimates.   But the main headline for the day is still to come with the Federal Reserve expected to provide its quarterly estimate for GDP, inflation and employment.  The Fed could also provide further clarity as to when it might raise rates again.  While that is not expected to be well into the future (Feb 2023), if the statement differs from expectations, then it will impact the currency markets.  The Canadian dollar is flat this morning and has been remarkably stable for the last week or so.  It continues to be range-bound, trading mostly between 1.312 and 1.318 for the last several sessions.    


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.