Expert, money saving updates, forecasts & tips on the CAD exchange

Canadian Dollar Update, January 16, 2023 – Canadian dollar steady and firm

USD/CAD Open: 1.3384-88, Overnight Range: 1.3355-1.3416,  Previous Close: 1.3395 WTI Oil open at $79.45 and gold open at $1,915.81. US markets are higher today. For today, USD resistance is at...

Canadian Dollar Update, January 13, 2023 – Canadian dollar grinding higher

USD/CAD Open: 1.3340-44, Overnight Range: 1.3324-1.3395,  Previous Close: 1.3369 WTI Oil open at $79.19 and gold open at $1,906.12. US markets are higher today. For today, USD resistance is at...

Canadian Dollar Update, January 12, 2023 – Canadian dollar awaiting US inflation data

USD/CAD Open: 1.3424-28, Overnight Range: 1.3419-1.3447,  Previous Close: 1.3425 WTI Oil open at $78.24 and gold open at $1,884.49. US markets are mixed today. For today, USD resistance is at...

Canadian Dollar Update, January 11, 2023 – Canadian dollar trading sideways

USD/CAD Open: 1.3421-25, Overnight Range: 1.3413-1.3440,  Previous Close: 1.3427 WTI Oil open at $75.32 and gold open at $1,885.22. US markets are higher today. For today, USD resistance is at...

Canadian Dollar Update, January 10, 2023 – Canadian dollar drifting

USD/CAD Open: 1.3387-91, Overnight Range: 1.3378-1.3408,  Previous Close: 1.3390 WTI Oil open at $75.18 and gold open at $1,875.30. US markets are higher today. For today, USD resistance is at...

Canadian Dollar Update, January 5, 2023 – Canadian dollar steady

USD/CAD Open: 1.3506-10, Overnight Range: 1.3472-1.3525,  Previous Close: 1.3478 WTI Oil open at $74.60 and gold open at $1,849.19. US markets are lower today. For today, USD resistance is at...

January 2023: FX Outlook

Economic Outlook and Summary It is a brand-new year, but the market will be dealing with the same old themes in the early part of 2023. The debate about when...

Canadian Dollar Update, January 4, 2023 – Canadian dollar rebounds

USD/CAD Open: 1.3546-50, Overnight Range: 1.3545-1.3678,  Previous Close: 1.3669   Risk sentiment improves ahead of FOMC minutes AUDUSD soars on China coal plans US dollar reverses Tuesday’s rally -AUD outperforms...

Canadian Dollar Update, January 3, 2023 – Canadian dollar dives to start 2023

USD/CAD Open: 1.3632-36, Dec30-Jan3 Range: 1.3525-1.3651,  Previous Close: 1.3546 WTI Oil open at $78.71 and gold open at $1,833.89. US markets are lower today. For today, USD resistance is at...

What is Functional Currency and Why is it Important

One of the essential things foreign investors and manufacturers should learn is the functional currency. It is primarily the currency the entity uses to pay for labour and other production...