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

Canadian Dollar Update – Canadian dollar ignores election results

Carney leads Liberals to victory—opposition leaders lose their seats. US JOLTS data and Consumer Confidence put the focus on recession risks. US dollar opens higher compared to close. USDCAD: open...

Canadian Dollar Update – Canadian dollar spinning its wheels

  Cautious start to trading ahead of key US data this week and month end flows. Global equities rise on improved risk sentiment. US dollar dips on improved risk sentiment....

Canadian Dollar Update – Canadian dollar feeling some pressure

China and US talk about lowering some tariffs on some goods. Canada Retail Sales -Ex autos forecast -0.4% (previously 0.2% m/m) US dollar catches a bid-JPY underperforms. USDCAD: open 1.3891,...

Canadian Dollar Update – Canadian dollar feeling some pressure

Renewed trade fears turn sentiment bearish. US Durable Goods Orders and weekly jobless claims on tap. US dollar consolidating yesterdays gains but opens on the defensive. USDCAD: open 1.3844, overnight...

Canadian Dollar Update – Canadian dollar treading water

Risk sentiment turns positive as Trump back-tracks on Powell. Stock markets rally and Treasury yields sink US dollar rallies but CAD and MXN outperform USDCAD: open 1.3805, overnight range 1.3798-1.3861,...

Canadian Dollar Update – Canadian dollar soaring

Trump’s threat to fire Powell tanks greenback. China Leaves benchmark rates unchanged US dives across the board. USDCAD: open 1.3797, overnight range 1.3781-1.3851, close 1.3848, WTI 62.14 Gold 3394.83. The...

Canadian Dollar Update – Canadian dollar rallies after BoC pauses

BoC left rates unchanged, and Loonie rallied Fed Chair Powell fears higher inflation. US trading defensively in narrow ranges USDCAD: open 1.3892, overnight range 1.3855-1.3897, close 1.3858, WTI 63.16, Gold...

Canadian Dollar Update – Canadian dollar consolidating ahead of BoC

Analysts are divided as to a BoC rate hold or cut decision. Fed Chair Powell on tap this afternoon US opens mixed but trading with a negative bias. USDCAD: open...

Canadian Dollar Update – Canadian dollar awaiting inflation news

  Canada CPI expected to be unchanged in March. Trump hinting at a pause in auto tariffs. US still on the defensive. USDCAD: open 1.3857, overnight range 1.3850-1.3909, close 1.3877,...

Is Zelle Available in Canada? Here’s What You Need to Know

If you’ve been wondering, “Is Zelle available in Canada?” The short answer is no. Under Zelle’s current terms, it only works with US-based bank accounts and US phone numbers, so...