Canadian Dollar Forecast and Updates

Economic Outlook and Summary Markets have continued to surge following the elections as investors move towards riskier assets in anticipation of little policy change, due to expected gridlock in the senate. The USDCAD continues to trade at relatively lower levels amidst skyrocketing coronavirus cases throughout the US and political tensions as Trump refuses to concede. […]

USD/CAD Open: 1.3061-65, Overnight Range: 1.3039-1.3088 WTI Oil is at $41.82 and gold is at $1,873.40. US markets are mixed today. For today, USD resistance is at 1.3080. Support is at 1.3020. • Canada AAA at Moody’s • Brexit deal hopes underpin GBPUSD • New Housing and Retail Sales for Canada ahead The Canadian dollar […]

USD/CAD Open: 1.3112-16, Overnight Range: 1.3069-1.3123 WTI Oil is at $41.61 and gold is at $1,861.40. US markets are mixed today. For today, USD resistance is at 1.3130. Support is at 1.3042. • Rising COVID-19 cases spook markets • US weekly jobless claims on tap • US dollar grinds higher overnight The Canadian dollar has […]

Individuals with an entrepreneurial mindset can often find ways to generate income by running their own business and starting a company. While this goes against the traditional wealth goal of finding a job, in can prove to be very lucrative assuming the right amount of work gets put in. With that being said, self-employed entrepreneur […]

USD/CAD Open: 1.3061-65, Overnight Range: 1.3040-1.3117 WTI Oil is at $41.95 and gold is at $1,880.00. US markets are higher today. For today, USD resistance is at 1.3097. Support is at 1.3010. • Canada October CPI ahead-forecast 0.2% m/m • Eurozone and UK data have limited impact on FX • US opens lower compared to […]

Unlike a precious metal like gold or silver, a commodity currency is slightly more complex than just a simple commodity on its own. At its most basic definition, a commodity currency is money that is strongly influenced by the price movements of one main commodity.  In other words, if a commodity currency’s underlying commodity declines […]

Here at Knightsbridge Foreign Exchange, we have a lot of experience working with clients who seek a warmer winter. Canadian snowbirds that travel down south to our bordering neighbour (the US) for a brief getaway have a right to increased peace of mind. There are many tax tips and travel considerations that closely link to […]

USD/CAD Open: 1.3067-71, Overnight Range: 1.3063-1.3116 WTI Oil is at $40.89 and gold is at $1,885.40. US markets are mixed today. For today, USD resistance is at 1.3133. Support is at 1.3078. • Positive risk sentiment starts to wane • EU/UK Brexit rumours support GBPUSD • US Retail Sales for sixth consecutive month The Canadian […]

It’s a common practice for many foreigners living in Canada to want to purchase their own properties on Canadian soil. Fortunately due to some fairly relaxed laws, buying and retaining ownership of real estate in Canada is certainly feasible. If you’re an expat, international traveller, global scholar, or a foreign investor, you may be looking […]

USD/CAD Open: 1.3117-21, Overnight Range: 1.3065-1.3135 WTI Oil is at $41.16 and gold is at $1,887.30. US markets are higher today. For today, USD resistance is at 1.3110. Support is at 1.3056. • Mild “risk on” sentiment for markets • COVID-19 vaccine news lifts equities • US dollar opens on the defensive The Canadian dollar […]