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 1, 2020 – Canadian Dollar soars

USD/CAD Open: 1.3727-31, Overnight Range: 1.3583-1.3800 WTI Oil is at $34.77 and gold is at $1,752.40. US markets are higher today. For today, USD resistance is at 1.3656. Support is at 1.3558. • Upside surprise for China May PMI • Reports of OPEC/Russia meeting this week underpin crude prices The Canadian dollar soared overnight. Better […]

By KBFX | June 1, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, May 29, 2020 – Canadian Dollar firms with April GDP on tap

USD/CAD Open: 1.3750-54, Overnight Range: 1.3714-1.3832 WTI Oil is at $33.45 and gold is at $1,751.60. US markets are mixed today. For today, USD resistance is at 1.3865. Support is at 1.3759. • Canada April GDP fell 8% • Traders cautious ahead of Trump’s press conference • Eurozone data opens door to new ECB stimulus […]

By KBFX | May 29, 2020 | Daily Update | 0 comments Read more >

The Top Robo Advisory Companies in Canada

Robo advisory services are the ultimate tool for the hands-free investor. If you’re actively in pursuit of the best passive investment strategy, it could be just what your portfolio needs. Maybe you work in a completely unrelated field to finance, but you still a high degree of intelligent wealth management? Or perhaps you’re simply too […]

By Alex | May 28, 2020 | Guides | 0 comments Read more >

Canadian Dollar Update, May 28, 2020 – Canadian Dollar climbing ahead of month end

USD/CAD Open: 1.3768-72, Overnight Range: 1.3734-1.3789 WTI Oil is at $32.73 and gold is at $1,735.70. US markets are higher today. For today, USD resistance is at 1.3820. Support is at 1.3702. • Month-end rebalancing flows lifting Canadian dollar • Traders ignore BC court ruling against Huawei CFO • Negative risk sentiment simmers with US/China […]

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

Canadian Dollar Update, May 27, 2020 – Canadian Dollar extends gains

USD/CAD Open: 1.3774-75, Overnight Range: 1.3727-1.3812 WTI Oil is at $33.59 and gold is at $1,689.90. US markets are mixed today. For today, USD resistance is at 1.3818. Support is at 1.3708. • Bearish USDCAD technicals fuel losses • Optimism for a sharp rebound in global economy powers risk sentiment • EU proposes € 1.1 […]

By KBFX | May 27, 2020 | Daily Update | 0 comments Read more >

The Best Credit Score Monitoring Services in Canada

Your credit score is more than just a three-digit number; it’s a numerical representation that measures your overall credit health. Through analyzing your credit report history and seeing your credit score, financial lenders can estimate the amount of your loan default risk (how much money you’re eligible to borrow – if any). In Canada, your […]

By Alex | May 26, 2020 | Guides | 1 comments Read more >

Canadian Dollar Update, May 26, 2020 – Canadian Dollar jumps, Risk sentiment improves

USD/CAD Open: 1.3884-86, Overnight Range: 1.3786-1.3985 WTI Oil is at $33.89 and gold is at $1,708.30. US markets are higher today. For today, USD resistance is at 1.3870. Support is at 1.3749. • China tensions overshadowed by global economy re-openings • Oil price jump gives Canadian dollar added support • Commodity currency bloc rally drives […]

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

Guide to Small Business CECRA Relief for COVID-19

The Government of Canada is actively trying to support local businesses affected by the COVID-19 virus. In tough times such as these, small businesses are facing severe financial impacts from a decreasing serviceable population.  By lowering some of their fixed costs, the Government of Canada hopes to keep more of these businesses afloat. Evan Siddall, […]

By Alex | May 25, 2020 | Guides | 0 comments Read more >

Finding the Best Canadian Car Insurance

Aside from being a mandatory requirement in Canada, automobile insurance is a financial necessity. Car insurance protects you from the incredibly large expenses that result from an accident, working both for yourself and others. But since car insurance is a privatized service offered by independent financial institutions (not a government provision) it is important to […]

By Alex | | Guides | 0 comments Read more >

A Quick Guide to Canadian Snowbird Travel Insurance

Tired of living in the cold? Wish you were someplace warmer? If you are unattached to Canada’s harsh winter season, it may be in your best interest to consider spending that time abroad. And while having a few yearly getaways is important for your well-being, it is equally as important to make sure those trips […]

By Alex | | Guides | 4 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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