Canadian Dollar Forecast and Updates

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% […]

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 […]

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 […]

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. […]

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 […]

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 […]

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 […]

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 […]