Canadian Dollar

The Canadian dollar is the official currency of Canada. The Canadian dollar is seen as a proxy for commodities, since the nation produces so much oil, natural gas, gold, silver, and wheat among other commodities. During times of strong commodity prices, internationally, investors tend to buy the Canadian dollar, pushing it up versus the currencies of countries that need to import these commodities. The Canadian dollar is also seen as being very stable and safe due to the strong Canadian economy and the prudent policies of the Bank of Canada.


More Weakness for CAD to USD Exchange Rate A weak economy and falling commodity prices have hammered the Canadian economy, which could spell more trouble for the CAD to USD exchange rate. At least that’s according to the latest poll…

More Downside for CAD to USD Exchange Rate The Canadian Imperial Bank of Commerce (CIBC) has warned that the Canadian dollar will come under increasing pressure this summer. The CAD to USD exchange rate, meanwhile, is slipping further, as the…

Canada, the world’s 11th-largest economy, will see a debt crisis and ensuing recession within one to three years, says a leading economist. This will likely impact the Canadian dollar. Steve Keen, a professor of economics who writes for Forbes, pointed…

2For those Canadians who may be reading this, don’t get overjoyed because the Canadian dollar has seemingly been strengthened 12% since mid-January. Instead, hold back on your spending—the loonie will soon fall back 15%. James Price, a portfolio manager at…

Analyst: Canadian Dollar to $0.68 Sal Guatiera, senior economist at Bank of Montreal, is warning that the Canadian dollar is set to go lower. Guatiera is forecasting that the loonie could fall to US$0.68 or lower by the summer. Due…