Currency Forecast

The Canadian dollar has lost ground on Friday, erasing most of the gains seen on Thursday. Currently, USD/CAD is trading at 1.3336, down 0.37% on the day. On the release front, there are no Canadian...

The Canadian dollar has recorded considerable losses on Thursday. Currently, USD/CAD is trading at 1.3383, up 0.48% on the day. On the release front, the sole Canadian event is a minor housing report....

The euro is strengthening at the expense of the dollar for a second straight day, bringing the single currency's gain to 0.9% since it bottomed on April 2. We find this euro strength surprising,...

The Canadian dollar has edged lower in Wednesday’s North American session. Currently, USD/CAD is trading at 1.3350, up 0.15% on the day. On the release front, there are no Canadian events on the...

The Canadian dollar has posted slight losses on Tuesday, after starting the week with considerable gains. Currently, USD/CAD is trading at 1.3295, down 0.18% on the day. On the release front, there...

U.K. Prime Minister Theresa May is on a desperate mission to reach a Brexit deal; yesterday she released a video message on twitter explaining that since Parliament has made it clear it won't accept a...

The Canadian dollar is slightly higher in the Friday session. Currently, USD/CAD is trading at 1.3383, up 0.18% on the day. The spotlight is on employment numbers on both sides of the border. In the...

The Canadian dollar is slightly higher in Wednesday trade. In the North American session, the pair is trading at 1.3314, down 0.18% on the day. On the release front, there are no Canadian events. In...

The Canadian dollar has looked sharp, with gains of 1.0% since Friday. Will the positive momentum continue on Tuesday? Currently, the pair is trading at 1.3316, up 0.07% on the day. On the release...

The Canadian dollar has posted strong gains on Friday. Currently, the pair is trading at 1.3348, down 0.69% on the day. On the release front, it’s a busy day on both sides of the border....

Canada January GDP +0.3% From Dec Canada Industrial Prices +0.3% In Feb From Jan Canada Raw Materials Prices +4.6% In Feb From Jan Canada expands in January Data this morning showed that the Canadian...

Investors are currently trapped in a vicious cycle: they keep rotating out of the risk of stocks, into the safety of bonds, then into the safe-haven yen. In the meantime, traditional havens gold and...

The Canadian dollar has edged higher in Wednesday trade. Currently, the pair is trading at 1.3415, up 0.25%. On the release front, Canada posted a larger trade deficit than expected. The deficit...

Last week, the Fed downgraded its economic forecast and the 10-year Treasury yieldcrossed below the 3-month Treasury yield, which some view as the harbinger of recession. As well, Friday's equities...