Canadian Dollar Updates and Currency Blog

Canadian Dollar Update – Canadian dollar rises sharply

Markets rally when Trump blinks US March CPI ex-food and energy expected at 3.0% y/y-February 3.1% US dollar sinks like a rock except against CHF and JPY USDCAD: open 1.4072,...

Canadian Dollar Update – Canadian dollar grinding higher

Global equity indexes in free fall China retaliates with a 50% tariff hike to 84% for US imports. US dollar falling as investors “sell America.” USDCAD: open 1.4206, overnight range...

Canadian Dollar Update – Canadian dollar hanging tough

Trump escalates trade with China. Global equity markets grinding out gains. US dollar opens lower compared to Monday close. USDCAD: open 1.4198 overnight range 1.4146-1.4246, close 1.4252, WTI 60.82, Gold...

Canadian Dollar Update – Canadian dollar rangebound but with bearish bias

Loonie is steady in wake of USD risk-aversion rally. Global equity markets drowning in sea of red US dollar opens on a mixed note-antipodean currencies underperform. USDCAD: open 1.4262, overnight...

FX Monthly Update | April 2025

Economic Outlook and Summary Trump’s trade tirade scorched the earth in March—his tariffs sparked retaliatory threats from China, a diplomatic cold front with Mexico, and Canada. Trump nailed Canada and...

Canadian Dollar Update – Canadian dollar awaiting tariff shoe to drop

Markets treading water ahead of Tariff announcements at 4:00 pm EDT. US ADP payrolls data in focus (forecast 105,000, previous 77,000) US dollar retreats modestly in quiet session. USDCAD: open...

Canadian Dollar Update – Canadian dollar inching lower

Looming tariffs are weighing on the Loonie US ISM Manufacturing PMI expected to dip to 49.5 from 50.3. US dollar trading sideways but bid against commodity bloc. USDCAD: open 1.4369,...

Canadian Dollar Update – Canadian dollar drifting down

Risk aversion soars as tariff day nears Economic data takes a back seat to headlines. US dollar opens broadly mixed-Safe-haven currencies gain USDCAD: open 1.4353, overnight range 1.4276-1.4362, close 1.4320,...

Canadian Dollar Update – Canadian dollar grinding out gains

Loonie traders ignoring tariff threats. Canadians hoping to avoid the worst of Trump’s tariffs. USD dollar opens with modest losses. USDCAD: open 1.4253, overnight range 1.4247-1.4299, close 1.4280, WTI 69.46,...

Canadian Dollar Update – Canadian dollar testing resistance

Improved risk sentiment on Tariff walk-back lifts Loonie. US consumers may not be very confident. USD trading defensively but inside well-defined ranges. USDCAD: open 1.4319, overnight range 1.4285-1.4333 close 1.4319,...