fbpx Skip to main content
Daily Updates

USD to CAD Morning Update — September 22, 2020

By September 22, 2020February 23rd, 2024No Comments
The Canadian dollar lost 0.7% yesterday and is now trading at a 5-week low against its US counterpart.  Yesterday’s move was a result of a flight to safety (to the US dollar) following global macro concerns having to do with the resurgence of the virus in Europe, political uncertainty in the US, and ongoing trade tensions.  This morning, stocks have temporarily stabilized, oil has regained 1%  and the Loonie is flat.  But there is a sense that there is more volatility in the offing.  Fed Chair Powell testifies before Congress later in the morning and that could be a catalyst for further fluctuations.  Tomorrow’s Throne Speech in Canada will be a view into the government’s budgetary plans but has little chance of impacting the Canadian dollar  which is now being moved largely by global developments as opposed to domestic considerations.


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.