Canadian Dollar Forecast and Updates

Knightsbridge FX 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, June 16, 2020 – Canadian Dollar flips, flops, and flies

USD/CAD Open: 1.3564-68, Overnight Range: 1.3504-1.3622 WTI Oil is at $38.19 and gold is at $1,735.20. US markets are higher today. For today, USD resistance is at 1.3596. Support is at 1.3545. • Yesterday’s Fed “risk” rally” continued overnight • IEA Oil Market Report gives oil a boost • Canadian dollar underperforms as US dollar […]

By KBFX | June 16, 2020 | Daily Update | 0 comments Read more >

How Long Can You Stay Outside Of Canada Without Losing Benefits

When thinking about leaving the country, it is very important to know about the implications of your trip duration. If you plan on staying out of the country for an extended duration, you may eventually be restricted from certain national benefits at home. While this mainly applies to snowbirds, Canadians in general have a tendency […]

By Alex | | Guides, Travel Tips | 3 comments Read more >

June 2020: FX Outlook

Economic Outlook and Summary The Federal Reserve interest rate currently stands at 0-0.25%, with suggestions of a neutral stance into 2023. Although retail investors seemed bullish as they rushed to take advantage of the markets, rising concerns over the potential of a second wave and an extended recovery has resulted in deteriorating sentiments. The White […]

By KBFX | | Monthly Canadian Dollar Outlook/Forecast | 0 comments Read more >

Top 7 Best Places To Move In Canada

Every day the demand to move into Canada grows as the nation’s supportive infrastructure expands. The country is especially attractive to individuals living in the United States that wish to reside north of the border. This is mainly due to the fact that Canada and the US have very similar cultural beliefs and lifestyles, and […]

By Alex | June 15, 2020 | Guides, Travel Tips | 0 comments Read more >

Planning a Family Trip in Canada after COVID-19

There is no need to worry – the struggles of COVID-19 won’t last forever. If you’re currently reading this amidst the pandemic, while Canada’s still considered to be in an emergency state, just know that this situation is temporary and it will eventually pass. For many Canadians, the virus has taken a heavy toll on […]

By Alex | | Guides, Travel Tips | 0 comments Read more >

Canadian Dollar Update, June 15, 2020 – Canadian Dollar sinks with stocks

USD/CAD Open: 1.3640-44, Overnight Range: 1.3580-1.3686 WTI Oil is at $34.81 and gold is at $1,707.50. US markets are lower today. For today, USD resistance is at 1.3697. Support is at 1.3602. • S&P Futures in the red • Traders nervous on new coronavirus fears • Crude prices slide, but well above their overnight low […]

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

Canadian Dollar Update, June 12, 2020 – Canadian Dollar dumped

USD/CAD Open: 1.3534-38, Overnight Range: 1.3527-1.3666 WTI Oil is at $36.15 and gold is at $1,740.20. US markets are higher today. For today, USD resistance is at 1.3698. Support is at 1.3509. • Wall Street melt-down and oil price plunge, sinks Canadian dollar • Rising COVID-19 cases in US, raises fears of second outbreak • […]

By KBFX | June 12, 2020 | Daily Update | 0 comments Read more >

10 Best Snowbird Destinations In The USA

Looking for a warm place to escape this winter? Travelling south of the border when the weather gets too tough to handle is a popular idea nowadays, and it can be done on virtually any budget. Not only is the US very close to Canada geographically, but it’s also close culturally – you’re more than […]

By Alex | June 11, 2020 | Guides | 2 comments Read more >

Canadian Dollar Update, June 11, 2020 – Dovish Fed tramples Canadian Dollar

USD/CAD Open: 1.3460-64, Overnight Range: 1.3397-1.3631 WTI Oil is at $35.80 and gold is at $1,730.20. US markets are lower today. For today, USD resistance is at 1.3642. Support is at 1.3567. • FOMC leaves rates unchanged yesterday • Dovish Fed and increase in COVID-19 in US spark safe-haven demand • Oil prices slide, exacerbates […]

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

Is It Better to Exchange US Dollars in Canada?

  Regardless of how you look at it, converting from one currency to another can be a large expense depending on a multitude of different factors. If you’re a Canadian that is travelling to the United States, you can face considerable fees depending on: the frequency of foreign exchange transactions, the amount you want converted, […]

By Alex | June 10, 2020 | Guides | 2 comments Read more >

Canadian Dollar Forecast

Knightsbridge FX 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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