Canadian Dollar Forecast and Updates

KnightsbridgeFX keeps you to date on the latest Canadian Dollar forecast, updates and latest outlook. Stay informed on the latest CAD news, how it's doing relative to USD.

Canadian Dollar Update, August 21, 2020 – Canadian Dollar trading sideways

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 […]

By KBFX | August 21, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, August 20, 2020 – Canadian Dollar corrects lower

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 […]

By KBFX | August 20, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, August 19, 2020 – Canadian Dollar ignores domestic political drama

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 […]

By KBFX | August 19, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, August 18, 2020 – Canadian Dollar climbs and Finance Minister resigns

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 […]

By KBFX | August 18, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, August 17, 2020 – Canadian Dollar trades sideways

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 […]

By KBFX | August 17, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, August 14, 2020 – Canadian Dollar fails to break resistance

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 […]

By KBFX | August 14, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, August 13, 2020 – Canadian Dollar gains

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 […]

By KBFX | August 13, 2020 | Daily Update | 0 comments Read more >

US/Canada Tax Treaty Summary: A Quick Read

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 […]

By Alex | August 12, 2020 | Guides | 0 comments Read more >

Safest Ways To Send Money Without Getting Scammed

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 […]

By Alex | | Guides | 0 comments Read more >

Canadian Dollar Update, August 12, 2020 – Canadian Dollar stuck in a rut

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 […]

By KBFX | | Daily Update | 0 comments Read more >

Canadian Dollar Forecast

KnightsbridgeFX is your authoritative source for Canadian dollar forecast and update information. Find out how oil prices, interest rate activity, and the Coronavirus/COVID-19 are likely to affect the CAD, and its relationship to the USD. Stay abreast on what the Bank of Canada and Central Bank are doing, as well as how the CAD is doing against the Greenback.
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