fbpx Skip to main content
Daily Updates

USD to CAD Update: Canadian Dollar Gains as Vaccinations Begin

By December 14, 2020February 23rd, 2024No Comments
The financial markets start the week on a decidedly more positive note as one country after another announces initial shipments of the Covid vaccine, raising hopes for a swift recovery from the global coronavirus-induced economic downturn.  At the same time, Brexit negotiations have been extended yet again, increasing the possibility of an orderly economic exit for the UK from the EU.  All of that is lifting riskier currencies and pushing down the US dollar.  USD is down across the board and is now down to a 2 1/2 year low against a basket of other major currencies.  The Canadian dollar is up 0.4% against its US counterpart.  Of note in terms of economic news this week is tomorrow’s housing starts in Canada as well as a speech by Governor Macklem.  On Wednesday, the November retail sales figure in the US and November inflation in Canada are expected to be released and will be closely monitored.    


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.