Updates on the latest happenings surrounding the Canadian dollar, other USD/CAD-related news, and useful currency exchange tools including our currency converter.
Approaching tariff date sinks Loonie. US consumers getting nervous. US dollar opens on a mixed note-Canadian dollar is the worst performing G-10 currency USDCAD: open 1.4345, overnight range 1.4292-1.4345, close 1.4317, WTI 69.03, Gold 2912.97 The Canadian dollar gave up more ground overnight as the March 4 tariff date nears. Many Canadians were convinced […]
Trump suggests he will go ahead with Canada tariffs. Risk aversion rises on chaotic White House messaging. USD giving back some of overnight gains in early NY trading. USDCAD: open 1.4268, overnight range 1.4240-1.4280, close 1.4261, WTI 70.65, Gold 2937.63 The Canadian dollar was Trumped yesterday, and it is licking its wounds this morning. Yesterday, […]
Relief rally lifts Loonie US reciprocal tariffs delayed until April USD opens defensively The Canadian dollar surged yesterday, crashing through resistance and reaching a level last seen in the middle of December. The gains were fueled by relief that President Trump’s reciprocal tariff plan would be delayed until April. The Canadian dollar rally is […]
Possible Ukraine/Russia peace talks boost risk sentiment Canada could face more Trump tariffs today. USD opens rangebound and mixed. USDCAD: open 1.4290, overnight range 1.4255-1.4307, close 1.4309, $70.23, Gold, $2918.02 The Canadian dollar rode a wave of positive risk sentiment in Asia but quickly gave back all the gains by the time NY opened. […]
Canadian dollar shrugs off latest Trump tariff Fed Chair Powell testifies at 3:00 pm USD opens with modest gains after cautious overnight session. USDCAD: open 1.4343, overnight range 1.4316-1.4345, close 1.4318, $73.18 Gold, $2903.43 The Canadian dollar traded sideways in an uneventful overnight session despite President Trump imposing tariffs on imports of Canadian steel […]
Canadian dollar sinks then climbs on latest Trump tariff salvo New Trump tariffs sour risk sentiment. USD opens higher-EURUSD loses the most. USDCAD: open 1.4333, overnight range 1.4316-1.4381, close 1.4292, $71.94, Gold, $2902.66 The Canadian dollar traded rather excitedly in the opening hours of Asia. It fell to its session low very early on then […]
Canada-US trade war averted-for now China hits back at Trump tariffs US dollar gives back most of yesterday’s gains USDCAD: open 1.4408 overnight range 1.4387-1.4503 close 1.4427, WTI $71.88, Gold, $2813.79 The Canadian dollar is back to where it was on Friday after the Canada-US trade war was delayed until March. It is […]
BoC expected to cut rates by 25 bps-FOMC to leave them unchanged. Lunar New Year begins in Asia-many centers are closed. USD trades drifting ahead of FOMC meeting. USDCAD: open 1.4429, overnight range 1.4392-1.4434, close 1.4402, WTI $73.03, Gold, $2758.27 The Canadian dollar came under renewed pressure yesterday and it continued in overnight trading. […]
FOMC officials will be chattering up a storm today. US dollar rallies across the board. USDCAD: open 1.3962, range (since Friday) 1.3898-1.3967 close 1.3915, WTI $68.50, Gold, $2597.44 There are plenty of Fed officials offering opinions today. They include Kansas City Fed President Jeff Schmid, St. Louis Fed President Alberto Musalem, New York Fed President […]
Fed rate cut of 25 bps fully priced in. BoE does as expected and cuts rates by 25 bps. US dollar trading with a bit of a bid ahead of Fed meeting USDCAD: open 1.3885 overnight range 1.3871-1.3949 close 1.3941, WTI $71.08, Gold, $2666.62 The Canadian dollar is steady and opened nearly unchanged from where […]
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