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6 days ago · The Canadian dollar’s most recent high, C$1.21 against the US dollar, came in May 2021. Since then, it has steadily weakened, hitting a low of C$1.39 against the US dollar on Oct. 31. Dustin Reid, chief fixed-income strategist at Mackenzie Investments, says beyond the short-term dent caused by the size of the recent rate cut, “the value of ...
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 fell to its lowest level in almost two years on Friday, as investors around the world surveyed the worsening outlook for the economy and ran toward the safety of the U.S....
- 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.
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Nov 26, 2021 · The Canadian dollar on Friday posted its biggest decline in more than three months against its U.S. counterpart as news of a new, possibly vaccine-resistant coronavirus variant spooked global...
