Canadian Dollar Updates and Currency Blog

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,...

Does PayPal Operate in Canada? Everything You Need to Know

Are you a PayPal user wondering, “Does PayPal work in Canada?”—the answer is yes. PayPal is a widely used digital payment platform in Canada, allowing users to send and receive...

Step-by-Step Guide on How to Get an RBC Void Cheque

When setting up direct deposit or pre-authorized payments, your employer or service provider may ask for a void cheque to confirm your account information. If you’re an RBC (Royal Bank...

Your Complete Guide to Moving from Canada to Australia

Moving from Canada to Australia is an exciting opportunity, whether you’re seeking better weather, career growth, or a fresh start. However, the process involves more than just packing your bags—it...

Canadian Dollar Update – Canadian dollar recovers from roller coaster

Bank of Canada rate cut of 25 bps is fully priced in. Focus is on US CPI and tariff talk USD trading mixed but with a slight negative bias. USDCAD:...