Updates on the latest happenings surrounding the Canadian dollar, other USD/CAD-related news, and useful currency exchange tools including our currency converter.
Canada retail Sales expected to have shrunk by 0.4% in January. Trump and Defence Secretary to speak at 11:00 am USD dollar opens higher compared to yesterday—CAD outperforms. USDCAD: open 1.4337, overnight range 1.4314-1.4344, close 1.4325, WTI 67.92 The Canadian dollar has been sinking all week but managed to recoup all of Thursday’s losses […]
FOMC is less dovish than expected Bank of England leaves rates unchanged at 4.50% USD dollar rebounds on Fed rate outlook. USDCAD: open 1.4375, overnight range 1.4315-1.4377, close 1.4326, WTI 67.03, Gold 3041.07 The Canadian dollar has drifted lower ever since the Federal Open Market committee (FOMC) left US rates unchanged at 4.50%, which was […]
Fed to leave rates unchanged and issue a cautious-sounding statement. Bank of Japan leaves rates unchanged again. USD dollar opens with small gains compared to yesterdays close. USDCAD: open 1.4322, overnight range 1.4296-1.4332, close 1.4300, WTI 66.40 Gold 3029.99 The Canadian dollar is trading choppily inside its recent range after falling oil prices and caution […]
Canada’s February inflation rate expected to rise. US data and Trump/Putin call in focus USD dollar trading negatively due to weak economic data recently. USDCAD: open 1.4286, overnight range 1.4272-1.4308, close 1.4288, WTI 68.38, Gold 3020.52 The Canadian dollar is consolidating yesterdays gains after US retail Sales data was weaker than expected. The results […]
Ontario Premier Ford in Washington to talk tariffs Oil glut for 2025 predicted by IEA USD trading with bearish bias ahead of PPI data USDCAD: open 1.4370, overnight range 1.4360-1.4405, close 1.4369, WTI 67.24, Gold 2947.81 The Bank of Canada delivered a widely anticipated 25 bps rate cut, bringing its benchmark rate to 2.75%. […]
Bank of Canada rate cut of 25 bps is fully priced in. Focus is on US CPI and tariff talk USD trading mixed but with a slight negative bias. USDCAD: open 1.4436, overnight range 1.4422-1.4485, close 1.4436, WTI 66.74, Gold 2914.27 The Canadian dollar is trading in New York a tad firmer from where it […]
Doug Ford slaps 25% tariff on US electricity exports Global equity indexes trying to recover yesterday’s losses. USD opens rallies across the board except vs EUR and GBP USDCAD: open 1.4414 overnight range 1.4394-1.4448, close 1.4440, WTI 66.42, Gold 2911.44 The Canadian dollar is consolidating yesterday’s losses and is well above its weakest points as […]
Trump threatens a 250% tariff on Canadian dairy. Fed Chair Powell is still in no hurry to cut rates USD opens mixed after a quiet overnight session. USDCAD: open 1.4355 overnight range 1.4355-1.4392, close 1.4374, WTI 67.19, Gold 2910.83 The Canadian dollar is slipping lower on the back of fresh tariff threats from Trump […]
Trump tariff delay not matched by Canada US and Canadian employment data ahead USD continues to slide due to Trumps muddle messaging USDCAD: open 1.4315, overnight range 1.4280-1.4320, close 1.4296, WTI 67.54, Gold 2917.59 The Canadian dollar rallied hard on the news that President Trump decided to cancel the 25% tariffs on imports from Canada […]
ECB expected to cut rates by 25 bps to 2.5% today US recession risks rise due to tariff fallout. USD opens consolidating recent losses and opens on the defensive. USDCAD: open 1.4358, overnight range 1.4310-1.4362, close 1.4341, WTI 66.27, Gold 2898.83 The Canadian dollar is rather frothy due to the fluid status of US […]
AUD
CAD
EUR
GBP
NZD
USD
