Canadian Dollar Forecast and Updates

Knightsbridge FX keeps you to date on the latest Canadian Dollar forecast, updates and latest outlook. Stay informed on the latest CAD news, how it's doing relative to USD.

What happens to CAD if Canada goes into a recession?

A recession in Canada is a real possibility.  The coronavirus (COVID-19) pandemic and the seventy-three percent plunge in West Texas Intermediate oil prices since September 2018 have knocked the economy for a loop, and the worst is yet to come. Canada’s Health Minister Patty Hajdu speculated that the COVID-19 outbreak could affect between 30- and […]

By KBFX | March 23, 2020 | In the News | 0 comments Read more >

Is this the best time to convert USD to CAD?

The phone lines are jammed by customers asking that very question, which is to be expected after the Canadian dollar has lost over ten percent of its value against the US dollar, since the beginning of March. It’s a simple question, but there is not a simple answer. The most important question is “when do […]

By KBFX | | Finance Tips | 0 comments Read more >

3 ways to maximize savings on Currency Exchange Fees

When you are moving money from your US dollar to Canadian dollar account or vice versa, for investments or expenses, you want to get the best deal on currency exchange to maximize your savings. Here are a few tips on how you can achieve this so that you can keep more money for what really […]

By KBFX | | Finance Tips | 0 comments Read more >

Canadian Dollar Update, March 20, 2020 – Canadian Dollar rides oil rally

USD/CAD Open: 1.4512, Overnight Range: 1.4148-1.4536 Oil is at $23.73 and gold is at $1,497.00. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.4373. Support is at 1.4202. The Canadian rallied alongside a 35% jump in oil prices. West Texas Intermediate, the North American crude oil […]

By KBFX | March 20, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, March 19, 2020 – Canadian Dollar in distress

USD/CAD Open: 1.4518, Overnight Range: 1.4424-1.4667 Oil is at $22.38 and gold is at $1,486.90. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.4597. Support is at 1.4293. The Canadian dollar is in distress. So are the rest of the G-10 major currencies. Financial markets are […]

By KBFX | March 19, 2020 | Daily Update | 0 comments Read more >

Top 9 Tips for Canadian Snowbirds when Buying U.S. Real Estate

Buying a home away from home is a major commitment, buy hey! It’s an amazing option to save money in the long run. Besides, it’s a great investment for yourself and your family. When thinking about buying a property in the U.S., we recommend taking things slowly, weighing your options and making sure you’re getting […]

By KBFX | | Finance Tips | 0 comments Read more >

Canadian Dollar Update, March 17, 2020 – Canadian Dollar plummets

USD/CAD Open: 1.4015, Overnight Range: 1.3960-1.4164 Oil is at $28.60 and gold is at $1,502.50. US markets are mixed today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.4170. Support is at 1.4092. The Canadian dollar plummeted in early Toronto trading. It was not alone. A wave of US dollar panic […]

By KBFX | March 17, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, March 16, 2020 – Canadian Dollar bounced by central bank coordination

USD/CAD Open: 1.3888-1.3889, Overnight Range: 1.3728-1.3987 Oil is at $30.31 and gold is at $1,484.40. US markets are lower today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.4023. Support is at 1.3877. Coordinated G-7 central bank actions roil the Canadian dollar. The US Federal Reserve stunned global markets on Sunday […]

By KBFX | March 16, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, March 13, 2020 – Canadian Dollar’s wild ride

USD/CAD Open: 1.3924-1.3925, Overnight Range: 1.3781-1.3947 Oil is at $32.62 and gold is at $1,570.00. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3949. Support is at 1.3799. The Canadian dollar is trading like a roller coaster without brakes. The Canadian dollar is suffering from a […]

By KBFX | March 13, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, March 11, 2020 – Canadian Dollar underwater

USD/CAD Open: 1.3726-1.3727, Overnight Range: 1.3681-1.3754 Oil is at $33.57 and gold is at $1,659.80. US markets are lower today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3779. Support is at 1.3692. The Canadian dollar is underwater, although not as deep as it was yesterday. USDCAD spiked to 1.3795 from […]

By KBFX | March 11, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Forecast

Knightsbridge FX is your authoritative source for Canadian dollar forecast and update information. Find out how oil prices, interest rate activity, and the Coronavirus/COVID-19 are likely to affect the CAD, and its relationship to the USD. Stay abreast on what the Bank of Canada and Central Bank are doing, as well as how the CAD is doing against the Greenback.
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