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.

November 2020: FX Outlook

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. […]

By KBFX | November 21, 2020 | Monthly Canadian Dollar Outlook/Forecast | 0 comments Read more >

Canadian Dollar Update. November 20, 2020 – Canadian Dollar Gets Rating Agency Bump

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 […]

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

Canadian Dollar Update, November 19, 2020 – Canadian Dollar Pressured by Poor Risk Sentiment

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 […]

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

An Introduction to Self-Employment Tax in Canada

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 […]

By Alex | November 18, 2020 | Guides | 0 comments Read more >

Canadian Dollar Update, November 18, 2020 – Canadian Dollar Trading Sideways

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 […]

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

Forex Investing: A Short Guide to Commodity Currencies

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 […]

By Alex | | Guides | 0 comments Read more >

10 Important Pieces of Advice for Canadian Snowbirds

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 […]

By Alex | November 17, 2020 | Guides | 0 comments Read more >

Canadian Dollar Update, November 17, 2020 – Canadian Dollar Trades in Narrow Range

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 […]

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

How to Buy Real Estate in Canada as a Non-Resident

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 […]

By Alex | November 16, 2020 | Guides | 0 comments Read more >

Canadian Dollar Update, November 16, 2020 – Canadian Dollar Gains with COVID-19 Vaccine Hopes

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 […]

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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