Canadian Dollar Forecast and Updates

Knightsbridge FX 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, March 30, 2020 – Canadian Dollar getting pummeled

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 […]

By KBFX | March 30, 2020 | Daily Update | 0 comments Read more >

Travel Safety Tips for Coronavirus

The first case of the novel coronavirus (SARS-CoV-2) was reported in Wuhan, Hubei, China in December 2019. Early cases were believed to be linked to a live animal market in Wuhan and have since been spreading from person to person. Shortly after, cases of the COVID-19 virus began to appear outside of China.  On January […]

By Ishani | March 27, 2020 | Travel Tips | 0 comments Read more >

Canadian Dollar Update March 27, 2020 – Canadian Dollar ending week on strong note

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 […]

By KBFX | | Daily Update | 0 comments Read more >

Canadian Dollar Update, March 26, 2020 – Canadian Dollar rebounds

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 […]

By KBFX | March 26, 2020 | Daily Update | 0 comments Read more >
By KBFX | March 24, 2020 | In the News | 0 comments Read more >

Canadian Dollar Update, March 24, 2020 – Canadian Dollar rally fades

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 […]

By KBFX | | Daily Update | 0 comments Read more >

Canadian Dollar Update, March 23, 2020 – Canadian Dollar infected by COVID-19

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 […]

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

What happens to CAD if Canada goes into a recession?

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 […]

By KBFX | | In the News | 0 comments Read more >

Is this the best time to convert USD to CAD?

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 […]

By KBFX | | Finance Tips | 0 comments Read more >

3 ways to maximize savings on Currency Exchange Fees

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 […]

By KBFX | | Finance Tips | 0 comments Read more >

Canadian Dollar Forecast

Knightsbridge FX 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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