Canadian Dollar Updates and Currency Blog

What are the Major Causes of Currency Appreciation in Canada?

One of the major causes of a shift in a country’s economy is currency appreciation. It happens when a country’s currency increases in value compared to another state’s currency, which...

How to Send Money to Someone Without a Bank Account

Since most cash transactions are done online today, knowing how to send money to someone without a bank account is essential. Most of these money transfer methods are safe and...

Limit Order Vs. Market Order: What’s the Difference

As a stock trader, you must be able to tell the difference between a limit order vs. market order. These trading terms will help you know how and when to...

Canadian Dollar Update, December 23, 2022 – Canadian dollar supported ahead of GDP

USD/CAD Open: 1.3598-02, Overnight Range: 1.3596-1.3657,  Previous Close: 1.3647 WTI Oil open at $78.94 and gold open at $1,798.82. US markets are mixed today. For today, USD resistance is at...

Canadian Dollar Update, December 21, 2022 – Canadian dollar awaiting inflation report

USD/CAD Open: 1.3623-28, Overnight Range: 1.3591-1.3624,  Previous Close: 1.3612 WTI Oil open at $76.91 and gold open at $1,812.79. US markets are higher today. For today, USD resistance is at...

Canadian Dollar Update, December 5, 2022 – Canadian dollar attempting to rally

USD/CAD Open: 1.3433-37, Overnight Range: 1.3387-1.3472,  Previous Close: 1.3472 WTI Oil open at $81.70 and gold open at $1,795.32. US markets are lower today. For today, USD resistance is at...

December 2022: FX Outlook

Economic Outlook and Summary November had a hawkish bias after a series of interest rate hikes by the Reserve Bank of Australia, Reserve Bank of New Zealand, Federal Reserve, and...

Canadian Dollar Update, November 28, 2022 – Canadian dollar roiled by risk aversion

USD/CAD Open: 1.3434-38, Overnight Range: 1.3397-1.3472,  Previous Close: 1.3381 WTI Oil open at $73.78 and gold open at $1,760.55. US markets are lower today. For today, USD resistance is at...

The Fundamentals of Deliverable vs. Non-Deliverable Forward Contracts

Understanding the principles of a deliverable forward vs. non-deliverable forward contract can help you leverage your investments in the foreign exchange market. Both are forward contracts but with different provisions,...

Canadian Dollar Update, November 18, 2022 – Canadian dollar underperforming

USD/CAD Open: 1.3329-33, Overnight Range: 1.3302-1.3351,  Previous Close: 1.3327 WTI Oil open at $81.47 and gold open at $1,765.04. US markets are mixed today. For today, USD resistance is at...