Canadian Dollar Forecast and Updates

USD/CAD Open: 1.4084-88, Overnight Range: 1.4011-1.4183 Oil is at $20.06 and gold is at $1,648.30. US markets are higher today. For today, USD resistance is at 1.4227. Support is at 1.4104. • Canadian dollar extends overnight losses in early Toronto trading on oil price woes • Trump suggests COVID-19 measures will be in place to […]

USD/CAD Open: 1.4098-1.4102, Overnight Range: 1.3988-1.4154 Oil is at $21.70 and gold is at $1,620.40. US markets are lower today. For today, USD resistance is at 1.4216. Support is at 1.4013. • Canadian dollar boosted by widespread US dollar selling • Fed Chair Powell warns US economy may already be in recession It has been […]

USD/CAD Open: 1.4162-66, Overnight Range: 1.4066-1.4275 Oil is at $23.46 and gold is at $1,658.30. US markets are higher today. For today, USD resistance is at 1.4237. Support is at 1.3985. • Canadian dollar rises with improved risk sentiment • Canadian unemployment claims could reach 4 million • G-20 conference call today The Canadian dollar […]

USDCAD open 1.4493, Overnight Range 1.4374-1.4531 Oil is at $24.44 and gold is at $1,673.90. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.4574. Support is at 1.4459. • USDCAD sinks then soars with WTI price action • US government expected to announce a stimulus plan […]

USDCAD open: 1.4438-43, Overnight range: 1.4357-1.4487 Oil is at $22.35 and gold is at $1,528.80. US markets are mixed today. For today, USD resistance is at 1.4577. Support is at 1.4184. • Short term USDCAD technicals are bullish looking for break above 1.4460 to extend gains • Canadian dollar tracking oil price movements • Coronavirus […]

A recession in Canada is a real possibility.  The coronavirus (COVID-19) pandemic and the seventy-three percent plunge in West Texas Intermediate oil prices since September 2018 have knocked the economy for a loop, and the worst is yet to come. Canada’s Health Minister Patty Hajdu speculated that the COVID-19 outbreak could affect between 30- and […]

The phone lines are jammed by customers asking that very question, which is to be expected after the Canadian dollar has lost over ten percent of its value against the US dollar, since the beginning of March. It’s a simple question, but there is not a simple answer. The most important question is “when do […]

When you are moving money from your US dollar to Canadian dollar account or vice versa, for investments or expenses, you want to get the best deal on currency exchange to maximize your savings. Here are a few tips on how you can achieve this so that you can keep more money for what really […]