Canadian Dollar Update – Canadian dollar ticking lower
Weak Canadian growth weighs on Loonie Nonfarm payrolls likely a non-event due to upcoming US election US dollar opens drifts higher in […]November 2 2024Read more
Canadian Dollar Update – Canadian dollar not getting any treats
Canadian economic growth expected to be flat in August. US data will be overshadowed by upcoming election. US dollar opens mixed, but […]October 31 2024Read more
Canadian Dollar Update – Canadian dollar underperforming
Loonie suffers on interest rate outlook. US GDP and quarterly earnings reports in focus. US dollar trades modestly lower but not against […]October 31 2024Read more
Canadian Dollar Update – Canadian dollar steady but weak
BoC Governor testifies to Parliament today. Focus is on US election, not data. US dollar opens defensively as it consolidates recent gains. […]October 29 2024Read more
Canadian Dollar Update – Canadian dollar trading lower
CAD/US 10-year yield spreads widen in favour of US Sinking oil prices weighing on Loonie. USDCAD: open 1.3895, overnight range 1.3886-1.3907, […]October 28 2024Read more
Canadian Dollar Update – Canadian dollar may ignore retail sales numbers
Canadian Retail Sales expected to rise 0.5%m/m in August. US Durable Goods data and Consumer Sentiment should support greenback US dollar opens […]October 25 2024Read more
Canadian Dollar Update – Canadian dollar shrugs off rate cut
Bank of Canada cuts rates 50 bps and indicates more cuts to come. Eurozone and UK ignoring PMI reports. US dollar is […]October 24 2024Read more
Canadian Dollar Update – Canadian dollar awaits BoC decision
Bank of Canada poised to cut rates by 50 bps. IMF predicts Canada GDP growth to outpace G-7 in 2025. US dollar […]October 23 2024Read more
Canadian Dollar Update – Canadian dollar remains under pressure
US election jitters underpinning US dollar. Treasury yields climb on Fed caution. US dollar mixed but rangebound to start the day. […]October 22 2024Read more
Canadian Dollar Update – Canadian dollar sinking
China cuts 1 and 5 year LPR US dollar opens with gains except against CHF. USDCAD: open 1.3822, overnight range 1.3799-1.3827, […]October 21 2024Read more
Canadian Dollar Forecast
KnightsbridgeFX 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.
