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

Does Revolut Work in Canada?

Revolut has become a popular digital banking app worldwide, offering features like international money transfers, budgeting tools, and multi-currency accounts. But if you’re Canadian, you might be wondering: Does Revolut...

Canadian Dollar Update – Canadian dollar steady into US inflation data

US October CPI expected unchanged at 0.2% m/m Global markets treading cautiously in wake of Trump re-election. US dollar opens mixed but remains on a firm footing. USDCAD: open 1.3958,...

Canadian Dollar Update – Canadian dollar sinking

FOMC officials will be chattering up a storm today. US dollar rallies across the board. USDCAD: open 1.3962, range (since Friday) 1.3898-1.3967 close 1.3915, WTI $68.50, Gold, $2597.44 There are...

Canadian Dollar Update – Canadian dollar softer ahead of jobs data

Canada expected to have added 25,000 new jobs in October. Fed cuts rates by 25bps as expected. US dollar gives back some of this week’s gains. USDCAD: open 1.3891 overnight...

FX Monthly Update | November 2024

Economic Outlook and Summary October was the opposite of September. Where September was mostly a “risk-on” month thanks to Powell’s dovish comments at the end of August, October was full-bore...

Canadian Dollar Update – Canadian dollar steady ahead of FOMC

Fed rate cut of 25 bps fully priced in. BoE does as expected and cuts rates by 25 bps. US dollar trading with a bit of a bid ahead of...

Canadian Dollar Update – US Dollar soars

  Trump wins and US dollar soars Focus shifting to FOMC meeting tomorrow. US dollar rallies hard against all the majors. USDCAD: open 1.3893 overnight range 1.3822-1.3939  close 1.3826, WTI...

Canadian Dollar Update – Canadian dollar awaiting US election results

  Global markets in park until after US election. China data and RBA boost AUD US dollar opens modestly lower after dull overnight session. USDCAD: open 1.3885, overnight range 1.3880-1.3907...

Canadian Dollar Update – Canadian dollar gets a poor boost

  FOMC and Election the key focus Opec delays December production hike. US dollar is trading defensively in thin markets.   USDCAD: open 1.3910, overnight range 1.3892-1.3928  close 1.3961, WTI...

Canadian Dollar Update – Canadian dollar ticking lower

Weak Canadian growth weighs on Loonie Nonfarm payrolls likely a non-event due to upcoming  US election US dollar opens drifts higher in dull overnight session.   USDCAD: open 1.3930, overnight...