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

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...

Canadian Dollar Update – Canadian dollar shrugs off rate cut

Bank of Canada cuts rates 50 bps and indicates more cuts to come. Eurozone and UK ignoring PMI reports. US dollar is trading defensively, albeit only modestly.   USDCAD: open...

Canadian Dollar Update – Canadian dollar awaits BoC decision

Bank of Canada poised to cut rates by 50 bps. IMF predicts Canada GDP growth to outpace G-7 in 2025. US dollar opens slightly higher vs majors except CAD and...

Canadian Dollar Update – Canadian dollar remains under pressure

  US election jitters underpinning US dollar. Treasury yields climb on Fed caution. US dollar mixed but rangebound to start the day.   USDCAD: open 1.3834, overnight range 1.3822-1.3838, close...

Canadian Dollar Update – Canadian dollar sinking

China cuts 1 and 5 year LPR US dollar opens with gains except against CHF.   USDCAD: open 1.3822, overnight range 1.3799-1.3827,  close 1.3802, WTI $69.86, Gold, $2734.48 USDCAD is...