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, December 2, 2020 – Canadian Dollar Riding Positive Risk Wave

USD/CAD Open: 1.2939-43, Overnight Range: 1.2916-1.2958 WTI Oil is at $45.46 and gold is at $1,832.30. US markets are lower today. For today, USD resistance is at 1.2949. Support is at 1.2916. • EURUSD consolidating recent gains • GBPUSD whip-sawing on Brexit rumours • US dollar opens with marginal gains The Canadian dollar made a […]

By KBFX | December 2, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, November 30, 2020 – Canadian Dollar Climbs

USD/CAD Open: 1.2959-63, Overnight Range: 1.2923-1.2995 WTI Oil is at $44.85 and gold is at $1,782.60. US markets are lower today. For today, USD resistance is at 1.3003. Support is at 1.2951. • Canadian dollar lifted by month end demand flows • Oil price slumps as OPEC meeting begins • US dollar ending the month […]

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

Canadian Dollar Update, November 27, 2020 – Canadian Dollar Demand for Month-End

USD/CAD Open: 1.2990-94, Overnight Range: 1.2972-1.3024 WTI Oil is at $45.59 and gold is at $1,789.80. US markets are higher today. For today, USD resistance is at 1.3010. Support is at 1.2966. • Canadian dollar testing resistance, in part due to month-end demand • GBPUSD rangebound as Brexit talks continue • FX risk sentiment remains […]

By KBFX | November 27, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, November 26, 2020 – Canadian Dollar Ready to Scale new Heights

USD/CAD Open: 1.3006-10, Overnight Range: 1.2990-1.3022 WTI Oil is at $44.91 and gold is at $1,806.70. US markets are mixed today. For today, USD resistance is at 1.3032. Support is at 1.2990. • Canadian dollar appears poised for big rally • Global equity and FX markets were quiet overnight • US dollar still on defensive […]

By KBFX | November 26, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, November 25, 2020 – Canadian Dollar Rises with Crude Prices

USD/CAD Open: 1.3013-17, Overnight Range: 1.2990-1.3029 WTI Oil is at $45.54 and gold is at $1,809.60. US markets are mixed today. For today, USD resistance is at 1.3030. Support is at 1.2964. • Vaccine hopes fueling positive risk sentiment • Plenty of top-tier US data today • US dollar consolidating losses into thanksgiving holiday The […]

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

Canadian Dollar Update, November 23, 2020 – Canadian Dollar Grinding Higher

USD/CAD Open: 1.3048-52, Overnight Range: 1.3045-1.3112 WTI Oil is at $43.05 and gold is at $1,835.30. US markets are higher today. For today, USD resistance is at 1.3101. Support is at 1.3074. • Higher oil prices support Canadian dollar • Risk sentiment improves with new vaccine data • GBPUSD climbs on Brexit deal hopes The […]

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

November 2020: FX Outlook

Economic Outlook and Summary Markets have continued to surge following the elections as investors move towards riskier assets in anticipation of little policy change, due to expected gridlock in the senate. The USDCAD continues to trade at relatively lower levels amidst skyrocketing coronavirus cases throughout the US and political tensions as Trump refuses to concede. […]

By KBFX | November 21, 2020 | Monthly Canadian Dollar Outlook/Forecast | 0 comments Read more >

Canadian Dollar Update. November 20, 2020 – Canadian Dollar Gets Rating Agency Bump

USD/CAD Open: 1.3061-65, Overnight Range: 1.3039-1.3088 WTI Oil is at $41.82 and gold is at $1,873.40. US markets are mixed today. For today, USD resistance is at 1.3080. Support is at 1.3020. • Canada AAA at Moody’s • Brexit deal hopes underpin GBPUSD • New Housing and Retail Sales for Canada ahead The Canadian dollar […]

By KBFX | November 20, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, November 19, 2020 – Canadian Dollar Pressured by Poor Risk Sentiment

USD/CAD Open: 1.3112-16, Overnight Range: 1.3069-1.3123 WTI Oil is at $41.61 and gold is at $1,861.40. US markets are mixed today. For today, USD resistance is at 1.3130. Support is at 1.3042. • Rising COVID-19 cases spook markets • US weekly jobless claims on tap • US dollar grinds higher overnight The Canadian dollar has […]

By KBFX | November 19, 2020 | Daily Update | 0 comments Read more >

An Introduction to Self-Employment Tax in Canada

Individuals with an entrepreneurial mindset can often find ways to generate income by running their own business and starting a company. While this goes against the traditional wealth goal of finding a job, in can prove to be very lucrative assuming the right amount of work gets put in. With that being said, self-employed entrepreneur […]

By Alex | November 18, 2020 | 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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