Canadian Dollar Forecast and Updates

KnightsbridgeFX keeps you to date on the latest Canadian Dollar forecast, updates and latest outlook. Stay informed on the latest CAD news, how it's doing relative to USD.

Canadian Dollar Update, September 28, 2020 – Canadian Dollar trading in narrow range

USD/CAD Open: 1.3388-92, Overnight Range: 1.3361-1.3403 WTI Oil is at $40.37 and gold is at $1,875.60. US markets are higher today. For today, USD resistance is at 1.3414. Support is at 1.3335. • GBPUSD rally, undermines US dollar vs majors • Traders wary ahead of Presidential debate • US and Canadian economic calendars are empty […]

By KBFX | September 28, 2020 | Daily Update | 0 comments Read more >

Knightsbridge FX on The Globe and Mail’s second-annual ranking of Canada’s Top Growing Companies

KnightsbridgeFX.com is pleased to announce it placed No. 100 on the 2020 Report on Business ranking of Canada’s Top Growing Companies. Canada’s Top Growing Companies ranks Canadian companies on three-year revenue growth. KnightsbridgeFX.com earned its spot with three-year growth of 482%. Launched in 2019, the Canada’s Top Growing Companies editorial ranking aims to celebrate entrepreneurial […]

By KBFX | September 26, 2020 | In the News | 0 comments Read more >

Canadian Dollar Update, September 25, 2020 – Canadian Dollar adrift in bearish waters

USD/CAD Open: 1.3370-74, Overnight Range: 1.3327-1.3413 WTI Oil is at $40.10 and gold is at $1,866.70. US markets are mixed today. For today, USD resistance is at 1.3442. Support is at 1.3367. • European and Wall Street futures sink, underpinning US Dollar • FX markets are choppy due to month-end and ever-shifting risk sentiment • […]

By KBFX | September 25, 2020 | Daily Update | 0 comments Read more >

September 2020: FX Outlook

Economic Outlook and Summary Interest rates remain flat within the 0-0.25% range as Chair Jerome Powell reiterates the Federal Reserve’s plans to hold interest rates until 2023. Despite largely recovering to pre-pandemic levels in early September, equity markets have pulled back due to risk-averse sentiments and investors are beginning to question the valuations of tech […]

By KBFX | September 24, 2020 | Monthly Canadian Dollar Outlook/Forecast | 0 comments Read more >

Canadian Dollar Update, September 23, 2020 – Canadian Dollar looking vulnerable

USD/CAD Open: 1.3317-21, Overnight Range: 1.3294-1.3374 WTI Oil is at $39.95 and gold is at $1,867.80. US markets are mixed today. For today, USD resistance is at 1.3408. Support is at 1.3328. The Canadian dollar is consolidating losses as the US dollar opens in New York on a mixed note. USDCAD broke above resistance at […]

By KBFX | September 23, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, September 22, 2020 – Canadian Dollar blows its top

USD/CAD Open: 1.3311-15, Overnight Range: 1.3283-1.3346 WTI Oil is at $39.45 and gold is at $1,919.30. US markets are higher today. For today, USD resistance is at 1.3352. Support is at 1.3251. • Canadian dollar recovers (somewhat) in choppy overnight price action • European equity indexes are higher, ignoring Wall Street’s woes • Fed’s Powell […]

By KBFX | September 22, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, September 21, 2020 – Canadian Dollar under pressure, again

USD/CAD Open: 1.3228-32, Overnight Range: 1.3171-1.3298 WTI Oil is at $39.60 and gold is at $1,913.60. US markets are lower today. For today, USD resistance is at 1.3324. Support is at 1.3212. • Coronavirus surge fuels safe-haven demand • European equities and Wall Street futures plummet • US dollar rises across the board The Canadian […]

By KBFX | September 21, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, September 18, 2020 – Canadian Dollar trading sideways

USD/CAD Open: 1.3164-68, Overnight Range: 1.3137-1.3208 WTI Oil is at $40.97 and gold is at $1,957.10. US markets are lower today. For today, USD resistance is at 1.3215. Support is at 1.3181. • US dollar bears are in control • GBPUSD underpinned by EU/UK trade deal hopes • US dollar drops led by gains in […]

By KBFX | September 18, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, September 17, 2020 – Canadian Dollar sinks after Fed

USD/CAD Open: 1.3204-08, Overnight Range: 1.3169-1.3247 WTI Oil is at $40.80 and gold is at $1,954.00. US markets are mixed today. For today, USD resistance is at 1.3252. Support is at 1.3168. • Upgraded Fed forecasts fuel US dollar rally • Bank of England and Bank of Japan leave monetary policy unchanged • US dollar […]

By KBFX | September 17, 2020 | Daily Update | 0 comments Read more >

How to Send an International Money Transfer from Canada to USA

When you’re seeking to understand the different service offerings provided by foreign exchange institutions, it’s important to get a firm grasp of the essentials. At the end of the day, any forms of payment that extend across national borders undergo a mandatory conversion process. In North America, you can occasionally get away with making payments […]

By Alex | | Guides | 0 comments Read more >

Canadian Dollar Forecast

KnightsbridgeFX is your authoritative source for Canadian dollar forecast and update information. Find out how oil prices, interest rate activity, and the Coronavirus/COVID-19 are likely to affect the CAD, and its relationship to the USD. Stay abreast on what the Bank of Canada and Central Bank are doing, as well as how the CAD is doing against the Greenback.
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