Will the Canadian dollar improve soon?

Not soon, the Canadian dollar is pretty heavily linked to petrol production(tar sands). Until the price becomes over $100. a barrel, do not expect production to restart and consequently do not expect the dollar to go up. Canada is getting close of a recession due to the bad numbers on oil production. read more

“Specifically, a 25bp fed funds rate hike would weaken the Canadian dollar by around 1.7%, whereas an increase in the price of WTI oil from USD 45 per barrel to 50 would strengthen it around 2.2%. The joint impact would therefore result in a slight strengthening of the CAD, if anything,” says Mezzomo. read more

Canadian dollar forecast, USD/CAD Technical Analysis review of the major events that will move the C$ (loonie) during the upcoming week. Canadian dollar forecast, USD/CAD Technical Analysis review of the major events that will move the C$ (loonie) during the upcoming week. read more