Expert, money saving updates, forecasts & tips on the CAD exchange

Canadian Dollar Update – Canadian dollar under pressure

US Core PCE Index expected to rise to 2.7% from 2.6% y/y Canada GDP expected to have ticked higher in January. US dollar opens mixed-commodity currency bloc underperform. USDCAD: open...

Canadian Dollar Update – Canadian dollar ignores tariffs

Trump slaps tariffs on autos. Tariff noise will overshadow US GDP data. USD dollar opens mixed to a tad softer compared to close. USDCAD: open 1.4286, overnight range 1.4260-1.4316, close...

Canadian Dollar Update – Canadian dollar grinding out gains

Loonie traders ignoring tariff threats. Canadians hoping to avoid the worst of Trump’s tariffs. USD dollar opens with modest losses. USDCAD: open 1.4253, overnight range 1.4247-1.4299, close 1.4280, WTI 69.46,...

Canadian Dollar Update – Canadian dollar testing resistance

Improved risk sentiment on Tariff walk-back lifts Loonie. US consumers may not be very confident. USD trading defensively but inside well-defined ranges. USDCAD: open 1.4319, overnight range 1.4285-1.4333 close 1.4319,...

Canadian Dollar Update – Canadian dollar drifting higher

Canadian Federal election April 28-beware of polls US may water down April 2 tariffs. USD opens slightly lower across the board on improved risk sentiment. USDCAD: open 1.4337, overnight range...

Canadian Dollar Update – Canadian dollar trading sideways

  Canada retail Sales expected to have shrunk by 0.4% in January. Trump and Defence Secretary to speak at 11:00 am USD dollar opens higher compared to yesterday—CAD outperforms. USDCAD:...

Canadian Dollar Update – Canadian dollar sinks after FOMC

FOMC is less dovish than expected Bank of England leaves rates unchanged at 4.50% USD dollar rebounds on Fed rate outlook. USDCAD: open 1.4375, overnight range 1.4315-1.4377, close 1.4326, WTI...

Canadian Dollar Update – Canadian dollar treading water until FOMC

Fed to leave rates unchanged and issue a cautious-sounding statement. Bank of Japan leaves rates unchanged again. USD dollar opens with small gains compared to yesterdays close. USDCAD: open 1.4322,...

Does PayPal Operate in Canada? Everything You Need to Know

Are you a PayPal user wondering, “Does PayPal work in Canada?”—the answer is yes. PayPal is a widely used digital payment platform in Canada, allowing users to send and receive...

Step-by-Step Guide on How to Get an RBC Void Cheque

When setting up direct deposit or pre-authorized payments, your employer or service provider may ask for a void cheque to confirm your account information. If you’re an RBC (Royal Bank...