Canadian Dollar Forecast and Updates

USD/CAD Open: 1.3194-98, Overnight Range: 1.3159-1.3234 WTI Oil is at $41.86 and gold is at $1,950.20. US markets are mixed today. For today, USD resistance is at 1.3263. Support is at 1.3143. • Economists predict huge gain for Canada Retail Sales • Eurozone data sinks EURUSD, EU/UK trade talks disappointment sinks GBPUSD • US dollar […]

USD/CAD Open: 1.3210-14, Overnight Range: 1.3183-1.3244 WTI Oil is at $42.45 and gold is at $1,957.10. US markets are mixed today. For today, USD resistance is at 1.3264. Support is at 1.3165. • FOMC minutes boost greenback and sink equities • Weekly Jobless Claims expected to improve • US dollar rallies against G-10 majors since […]

USD/CAD Open: 1.3149-53, Overnight Range: 1.3133-1.3187 WTI Oil is at $42.93 and gold is at $1,968.20. US markets are higher today. For today, USD resistance is at 1.3209. Support is at 1.3152. • USDCAD traders ignore political drama • FOMC minutes due this afternoon • US dollar soft, but directionless in quiet overnight markets The […]

USD/CAD Open: 1.3158-62, Overnight Range: 1.3152-1.3231 WTI Oil is at $42.73 and gold is at $2,012.60. US markets are mixed today. For today, USD resistance is at 1.3204. Support is at 1.3162. • USDCAD traders ignore news of Finance Minister resignation • Thin, summer markets exaggerate FX moves • US dollar falls steadily overnight and […]

USD/CAD Open: 1.3225-29, Overnight Range: 1.3192-1.3263 WTI Oil is at $42.83 and gold is at $1,991.20. US markets are mixed today. For today, USD resistance is at 1.3208. Support is at 1.3181. • Canadian dollar trading sideways with a slightly bullish bias • US and China cancel Saturday meeting • People’s Bank of China liquidity […]

USD/CAD Open: 1.3241-45, Overnight Range: 1.3206-1.3272 WTI Oil is at $41.94 and gold is at $1,950.80. US markets are mixed today. For today, USD resistance is at 1.3267. Support is at 1.3228. • Eurozone geopolitical tensions limit EURUSD gains • Senior US/China trade officials meet Saturday • Robust US data could renew risk-on sentiment The […]

USD/CAD Open: 1.3227-31, Overnight Range: 1.3192-1.3256 WTI Oil is at $42.27 and gold is at $1,953.10. US markets are mixed today. For today, USD resistance is at 1.3248. Support is at 1.3181. • Greenback grinding lower on Congressional stimulus stalemate • US weekly jobless claims in focus • US dollar opens with losses against G-10 […]

Both Canada and the US have established beneficial tax relationships with other nations to encourage commerce and reduce overall tax burdens. As a result, citizens and permanent residents of these two countries may have different tax return obligations based on their location. Technically speaking, American ex-patriots who live north of the border need to file […]

One of the most important assumptions made on a money transfer is that the amount transacted will get to the recipient safely. Unfortunately, scams are becoming more prevalent (even if it’s less detectable) as technology improves and scammer knowledge increases. Each time you book a remittance, it’s not enough to have financial peace of mind […]

USD/CAD Open: 1.3292-96, Overnight Range: 1.3229-1.3347 WTI Oil is at $42.33 and gold is at $1,950.60. US markets are higher today. For today, USD resistance is at 1.3270. Support is at 1.3204. • Gold (XAUUSD) sinks then soars • UK Q2 GDP drops 21.7%, lowest in history • US dollar soars then sinks in thin […]