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- The Canadian currency touched its weakest level since Sept. 20 at 1.2886. On Tuesday, Canada cut its deficit forecast to C$144.5 billion for this fiscal year as tax revenues increased and less emergency aid was used.
www.reuters.com/markets/us/canadian-dollar-nearly-3-month-low-oil-prices-fall-2021-12-15/
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6 days ago · The exchange rate with the US dollar has floated in the C$1.34-C$1.38 range for most of 2024, only recently surpassing the top end following the Bank’s half-point rate cut. For that reason, Reid cautions that there’s now an expectation that the Canadian dollar might see heightened volatility over the next year.
4 days ago · The Canadian dollar has dipped to levels not seen since 2020, and this will likely significantly impact your everyday expenses. ADVERTISEMENT. This week, the loonie sunk below 72 cents US for the first time in over four years, closing Tuesday at 71.89 cents US after sinking just under 72 cents on Monday. As of Friday morning, the Canadian ...
Jul 24, 2024 · The Bank of Canada lowered its key interest rate for the second time this year to 4.5 per cent. Here's what the decision means for the Canadian dollar.
Sep 16, 2022 · The Canadian dollar was changing hands for as little as 75.15 cents US at one point on Friday morning. That's the lowest level for the currency since October 2020. The loonie was off by about...
- Domestic Factors seem Strong
- Is America The Cause?
- FX Swaps Could Be to Blame
- Currency Risk and You
Exhibit 1: U.S. Dollar Vs Canadian Dollar Source: National Bank (With data from Refinitiv) Looking at a chart tracing the historical performance of USD/CAD since 1993, such a rapid fall happened twice before, in 2016 and in March-April 2020. Before that, the loonie went from a low of US$1.60 to a high of US$0.92, but that happened over a seven-year...
Since domestic indicators seem to be strong, can the reason be found outside our borders? Perhaps in the U.S., to which Canada’s exports total US$ 270 billion, 12 times the size of its exports to its second largest export partner, China? “As U.S. industrial production has picked up, Canadian exports have surged to new heights, but that trading acti...
According to the Bank of International Settlements (BIS) in its most recent foreign exchange survey, currency transactions averaged US$ 6.5 trillion a day in 2019. Banks, large and small, account for a large majority of transactions. The spot market (currency versus currency exchanges) represents a share of about 30%, while foreign currency swaps a...
While most investors do not actively trade in currencies, many of us might have exposure to currency risk through our mutual fund or ETF holdings. Back in 2010, Morningstar Senior manager research analyst Gregg Wolper explained currency risk. “Currency strategies can be complex. In the prospectus sense, however, currency risk is straightforward: It...
6 days ago · Canada’s currency sunk below 72 cents US this week for the first time in more than four years, breaking through the 72 to 76 cent band it has been trading within in recent months. It closed Tuesday at 71.89 cents US after falling just under 72 cents on Monday. As of midday Wednesday it had inched a little lower, to 71.85 according to XE.com.
Wondering where the Canadian dollar will go in 2021? Will oil prices continue to affect the valuation? Check out our outlook on the value of the loonie.
