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

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...

Canadian Dollar Update – Canadian dollar not getting any treats

Canadian economic growth expected to be flat in August. US data will be overshadowed by upcoming election. US dollar opens mixed, but little changed from yesterday.   USDCAD: open 1.3920,...

Canadian Dollar Update – Canadian dollar underperforming

Loonie suffers on interest rate outlook. US GDP and quarterly earnings reports in focus. US dollar trades modestly lower but not against CAD   USDCAD: open 1.3915, overnight range 1.3902-1.3925, ...

Canadian Dollar Update – Canadian dollar steady but weak

BoC Governor testifies to Parliament today. Focus is on US election, not data. US dollar opens defensively as it consolidates recent gains.   USDCAD: open 1.3880, overnight range 1.3876-1.3901, close...

Canadian Dollar Update – Canadian dollar trading lower

CAD/US 10-year yield spreads widen in favour of US Sinking oil prices weighing on Loonie.   USDCAD: open 1.3895, overnight range 1.3886-1.3907,  close 1.3894, WTI $67.16, Gold, $2729.16 The Canadian...

Canadian Dollar Update – Canadian dollar may ignore retail sales numbers

Canadian Retail Sales expected to rise 0.5%m/m in August. US Durable Goods data and Consumer Sentiment should support greenback US dollar opens mixed, but commodity bloc underperforms.   USDCAD: open...