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 19, 2020 – Canadian Dollar will ignore Retail Sales

USD/CAD Open: 1.3583-87, Overnight Range: 1.3547-1.3615 WTI Oil is at $40.13 and gold is at $1,758.60. US markets are higher today. For today, USD resistance is at 1.3614. Support is at 1.3523. • Canada April Retail Sales fell 26.4% • EURUSD stalled as EU debates Germany/France Relief Fund • GBPUSD slumps as debt-to-GDP reaches 100.5% […]

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

When Did The Canadian Dollar Surpass The US Dollar?

The relationship between the currency exchange pairing CAD:USD has seen substantial movements throughout our nation’s short history. Looking back at the past decade, it’s hard to imagine that the Canadian dollar ever carried more value than the US dollar. However, at certain points in time this was exactly the case. In fact, at a few […]

By Alex | | Guides | 1 comments Read more >

Canadian Dollar Update, June 18, 2020 – Canadian Dollar trading sideways

USD/CAD Open: 1.3538-42, Overnight Range: 1.3521-1.3616 WTI Oil is at $38.62 and gold is at $1,730.70. US markets are mixed today. For today, USD resistance is at 1.3628. Support is at 1.3574. • Bank of England increases QE, as expected • Global equities dip • US dollar inches higher at Toronto open The Canadian dollar […]

By KBFX | June 18, 2020 | Daily Update | 0 comments Read more >

Buying USD In Canada: When’s The Best Time?

Regardless of intention, every individual or business that is highly attentive to their finances will strive towards getting an optimal exchange rate. Although that’s definitely a worthwhile goal, even the best foreign exchange speculators in the world will tell you that perfect currency conversion timing is virtually impossible – you’d have to get really lucky. […]

By Alex | | Guides | 1 comments Read more >

Which Countries Can Canadian PR Travel Without Visa?

Becoming a Canadian Permanent Resident will open up a world of opportunities in terms of travel. Successfully attaining PR status in Canada means that you no longer have to complete laborious visa application processes to visit certain countries. Fortunately, many of these places are 5-star travel destinations and popular tourist locations, so you’re practically guaranteed […]

By Alex | June 17, 2020 | Guides, Travel Tips | 0 comments Read more >

What Countries Use US Dollars? Areas Where Greenbacks Are King

It comes as no surprise that the United States of America isn’t the only country on this planet where the dollar has power.  It’s no wonder it is nicknamed the “almighty” dollar, the US treasury imparts a ton of influence on a global scale. The dollar is regarded as the unofficial business currency of the […]

By Alex | | Guides | 0 comments Read more >

Canadian Dollar Update, June 17, 2020 – Canadian Dollar grinds higher

USD/CAD Open: 1.3543-47, Overnight Range: 1.3511-1.3572 WTI Oil is at $37.83 and gold is at $1,730.00. US markets are mixed today. For today, USD resistance is at 1.3619. Support is at 1.3493. • Robust US economic data boosts bullish equity sentiment • Cautious Fed outlook, new COVID-19 cases, support FX safe-haven demand • Oil prices […]

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

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 >

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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