Canadian Dollar Forecast and Updates

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 • […]

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 […]

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 […]

  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, […]