Canadian Dollar Forecast and Updates

Nowadays it’s considered a basic necessity to have a working cell phone when you’re travelling abroad, whether it’s for business or personal reasons. Maintaining your phone’s functionality outside of your home country is essential to staying in touch with your relatives, friends, and work acquaintances. However, there are a few things you need to consider […]

USD/CAD Open: 1.3571-75, Overnight Range: 1.3531-1.3630 WTI Oil is at $40.06 and gold is at $1,769.00. US markets are higher today. For today, USD resistance is at 1.3580. Support is at 1.3513. • FX risk sentiment turns mildly positive • Steady-to-firm crude and higher commodity prices underpin Canadian dollar • BoC Governor Macklem speech today […]

If you’re an avid Canadian traveler who often weighs the benefits of car rentals versus car ownership in the United States, it will eventually make sense to just have a private vehicle licensed south of the border. Whether you’re exhausted from making the same lengthy drives over and over again, or simply just want a […]

USD/CAD Open: 1.3583-87, Overnight Range: 1.3547-1.3615 WTI Oil is at $40.13 and gold is at $1,758.60. US markets are higher today. For today, USD resistance is at 1.3614. Support is at 1.3523. • Canada April Retail Sales fell 26.4% • EURUSD stalled as EU debates Germany/France Relief Fund • GBPUSD slumps as debt-to-GDP reaches 100.5% […]

The relationship between the currency exchange pairing CAD:USD has seen substantial movements throughout our nation’s short history. Looking back at the past decade, it’s hard to imagine that the Canadian dollar ever carried more value than the US dollar. However, at certain points in time this was exactly the case. In fact, at a few […]

USD/CAD Open: 1.3538-42, Overnight Range: 1.3521-1.3616 WTI Oil is at $38.62 and gold is at $1,730.70. US markets are mixed today. For today, USD resistance is at 1.3628. Support is at 1.3574. • Bank of England increases QE, as expected • Global equities dip • US dollar inches higher at Toronto open The Canadian dollar […]

Regardless of intention, every individual or business that is highly attentive to their finances will strive towards getting an optimal exchange rate. Although that’s definitely a worthwhile goal, even the best foreign exchange speculators in the world will tell you that perfect currency conversion timing is virtually impossible – you’d have to get really lucky. […]

Becoming a Canadian Permanent Resident will open up a world of opportunities in terms of travel. Successfully attaining PR status in Canada means that you no longer have to complete laborious visa application processes to visit certain countries. Fortunately, many of these places are 5-star travel destinations and popular tourist locations, so you’re practically guaranteed […]

It comes as no surprise that the United States of America isn’t the only country on this planet where the dollar has power.  It’s no wonder it is nicknamed the “almighty” dollar, the US treasury imparts a ton of influence on a global scale. The dollar is regarded as the unofficial business currency of the […]

USD/CAD Open: 1.3543-47, Overnight Range: 1.3511-1.3572 WTI Oil is at $37.83 and gold is at $1,730.00. US markets are mixed today. For today, USD resistance is at 1.3619. Support is at 1.3493. • Robust US economic data boosts bullish equity sentiment • Cautious Fed outlook, new COVID-19 cases, support FX safe-haven demand • Oil prices […]