Canadian Dollar Forecast and Updates

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]