Canadian Dollar Updates and Currency Blog

Canadian Dollar Update, May 11, 2026 – Canadian Dollar finds its footing

Canadian Dollar finds its footing Oil prices rise after Trump rejects Iran counter proposal China’s Trade surplus widens The US dollar opens slightly firmer against the majors   USDCAD open:...

Canadian Dollar Update, May 8, 2026 – Canadian Dollar awaiting US and Canada Employment data

US and Iran ceasefire is fragile but still holding. US NFP likely overshadowed by inflation fears. The US dollar traded softer on improved risk sentiment.   USDCAD open: 1.3647, overnight...

Canadian Dollar Update, May 7, 2026 – Canadian Dollar Adrift

Traders tempering optimism around Iran peace deal Oil prices consolidating losses The US dollar trading slightly lower against the majors.   USDCAD open: 1.3590, overnight range 1.3578-1.3623, close 1.3620, WTI...

Canadian Dollar Update, May 6, 2026 – Canadian Dollar Lags Risk-On Rally

Canadian Dollar Lags Risk-On Rally Trump pauses Operation Freedom-says deal is close Axios reports a US and Iran MOU close to being signed The US dollar plunges across the board...

Canadian Dollar Update, May 5, 2026 – Canadian Dollar Trickles Lower

Canadian Dollar Trickles Lower Governor Macklem reiterates that rates could rise US Iran ceasefire on shaky ground The US dollar opens with modest bid   USDCAD open: 1.3612, overnight range...

FX Monthly Update – May 2026

Economic Outlook and Summary Oil and gold prices surged, 10-year government bond yields climbed, and the US dollar rallied across the board due to safe-haven demand. The S&P 500 dropped...

Canadian Dollar Update, May 1, 2026 – Canadian dollar consolidating gains

Bank of Japan intervenes and sells USDJPY WTI oil steady but firm The US dollar opened slightly mixed but finished down across the board for the week   USDCAD open:...

Canadian Dollar Update, April 28, 2026 – Canadian dollar bopping and weaving

Canadian dollar bopping and weaving Risk sentiment sours as Trump unhappy with Iran peace plan Oil prices surge and gold sinks The US opens with gains across the board  ...

Canadian Dollar Update, April 27, 2026 – Canadian dollar Gets a Boost

Canadian dollar Gets a Boost Risk sentiment improves on report Iran offers a peace strategy Canada releases Spring Fiscal Update tomorrow The US is trading with losses across the board...

Canadian Dollar Update, April 23, 2026 – Canadian dollar on the defensive

Canadian dollar on the defensive Oil prices rise as Strait of Hormuz stays closed Risk sentiment sours and stock turn lower The US opens with safe haven demand bid   USDCAD open: 1.3668, overnight range 1.3660-1.3680, close1.3672, WTI 94.96, Gold 4697.64 The...