Updates on the latest happenings surrounding the Canadian dollar, other USD/CAD-related news, and useful currency exchange tools including our currency converter.
US recession risks rise. USD opens with losses across the board. EUR is the best performing currency. USDCAD: open 1.4428, overnight range 1.4377-1.4450, close 1.4393, WTI 67.04, Gold 2913.68 The Canadian dollar was volatile and choppy in the past 24 hours, and the ongoing tariff saga suggests more of the same today. U.S. Commerce […]
Trump says tariffs will go ahead but the rate may change. Trump opens another probe into Canadian lumber imports US dollar starts the month on the defensive. USDCAD: open 1.4428, overnight range 1.4422-1.4453, close 1.4466, WTI 69.72 Gold 2872.00 The Canadian dollar is consolidating Friday’s losses ahead of Trump’s planned tariffs which are slated […]
Trade war risks soar. Canada and US data will take a back seat to tariff news. US dollar opens with gains across the board. USDCAD: open 1.4440, overnight range 1.4429-1.4453, close 1.4436, WTI 69.38 The Canadian dollar sank quickly and deeply yesterday after President Trump reaffirmed his intention to impose 25% tariffs on non-energy imports […]
Mixed messaging on tariff start dates confuse markets US/Ukraine mineral deal in focus US dollar rangebound in cautious trading. USDCAD: open 1.4338, overnight range 1.4322-1.4364, close 1.4339, WTI 69.30, Gold 2892.08 The Canadian dollar is consolidating recent losses on the approach to the March 4 tariff date and ahead of a slew of US economic […]
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, […]
EURUSD popped and dropped on German election results. Trump encourages Mexico to join his tariff fight with China. USD opens on a mixed note but within previous ranges. USDCAD: open 1.4215 overnight range 1.4182-1.4228 close 1.4226, WTI 70.42, Gold 2938.25 The Canadian dollar traded with a negative bias following dire warnings from Bank of […]
Canada retail sales expected to have bounced sharply in December. Equities climb on tech stock optimism. USD trading on the defensive due to improved risk sentiment. USDCAD: open 1.4196, overnight range 1.4169-1.4200 close 1.4175, WTI 71.71, Gold 2931.02 The Canadian dollar continues to spin its wheels but with a modestly bullish bias. The Canadian […]
FOMC minutes suggest rates likely to remain unchanged for longer. Trump tosses out conciliatory trade comment about China USD trading slower on slightly improved risk sentiment. USDCAD: open 1.4206, overnight range 1.4204-1.4245, close 1.4239, WTI 72.29, Gold 2952.55 The Canadian dollar opened almost exactly where it opened yesterday suggesting the recent price action was […]
Canadian inflation not expected to have much impact on FX. Focus is on US/Russia talks in Saudia Arabia. USD opens with a mixed tone. USDCAD: open 1.4193, overnight range 1.4179-1.4209, close 1.4184 The Canadian dollar rally ran out of steam and traded quietly yesterday and overnight. Canada was closed Monday for Family Day. Canada’s […]
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