Updates on the latest happenings surrounding the Canadian dollar, other USD/CAD-related news, and useful currency exchange tools including our currency converter.
Oil prices surge on new US sanctions Canada Retail Sales data due this morning US opens trading slightly higher-Commodity currencies outperform USDCAD open: 1.3996, overnight range 1.3987-1.4005, close 1.3998, WTI 61.76, Gold 4125.34 The Canadian dollar traded inside yesterday’s range and remains underpinned by the surge in oil prices. WTI oil prices rallied […]
Canada CPI expected to have risen 2.0% in September US catches a bid and rallies across the board USDCAD open: 1.4054, overnight range 1.4030-1.4066, close, 1.4040, WTI 57.42, Gold 4265.67 The Canadian traded lower on the back of a generally firmer US dollar against the major G-7 currencies. It was a rather dull […]
Trump dials back China rhetoric BoC Business outlook Survey on tap US opens little changed from Friday USDCAD open: 1.4032, overnight range 1.4006-1.4036 close, 1.4021, WTI 56.89, Gold 4253.99 The Canadian dollar was confined in a tight band but trading with a bearish tilt. The highlight today will be the Bank of Canada’s Business […]
US regional banks trigger bout of risk aversion Trumps chat with Putin weighs on oil US opens catches a bid. USDCAD open: 1.4043, overnight range 1.4032-1.4067 close, 1.4058, WTI 56.88, Gold 4338.70 The Canadian dollar is treading water following a wave of risk aversion sentiment that washed over global markets. The surge in gold […]
New Canadian softwood lumber tariffs begin today Markets shift focus to Fed rates US opens softer after Powell’s comments. USDCAD open: 1.4039, overnight range 1.4028-1.4049, close, 1.4047, WTI 58.74, Gold 4194.99 The Canadian dollar traded sideways overnight as it consolidated recent losses due to ongoing trade and tariff issues. President Trump imposed an additional […]
China/US trade tensions rise Global equities under pressure US dollar catches a safe-haven bid USDCAD open 1.4069, overnight range 1.4030-1.4070, Monday close, 1.4040, WTI 58.38, Gold 4126.79 The Canadian dollar is continuing Friday’s that was sparked when Trump tweeted about hiking China tariffs by another 100%. The tweet fueled demand for safe-haven currencies and […]
Canada, US and Japan markets closed Monday US dollar consolidating yesterdays gains. USDCAD open 1.4019, overnight range 1.4013-1.4034, close, 1.4022, WTI 61.17, Gold 3995.17 The Canadian dollar dropped like a rock when support finally cratered. Traders sold the loonie aggressively as stop-loss orders were triggered and because of bleak outlook for economic growth and […]
FOMC minutes are dovish-as expected Gaza ceasefire announcement improves risk sentiment, marginally US dollar traded higher overnight but eased into NY open USDCAD open 1.3948, overnight range 1.3933-1.3964, close, 1.3954, WTI 62.34, Gold 4038.44 The Canadian dollar traded quietly and remains trapped in the range that has contained price action for two weeks. WTI […]
Gold soars above USD $4,000/ounce Carney/Trump meeting ends without any tariff relief US dollar inching higher on global risk aversion USDCAD open 1.3957, overnight range 1.3946-1.3971, close, 1.3949, WTI 62.51, Gold 4049.15 The Canadian dollar isn’t showing much life and continues to seesaw within this week’s range. Political turbulence in France, Japan, and the […]
French government falls: Japan elects new LDP Leader Opec hikes production less than expected US dollar rallies on geopolitical risk USDCAD open 1.3955, overnight range 1.3942-1.3968, close, 1.3951, WTI 62.01, Gold 3942.51 The Canadian dollar dropped, traded quietly overnight and remained inside Friday’s trading band. Prime Minister Mark Carney is reportedly meeting with […]
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