Author: Robert Jessi

The USD/CAD exchange rate is the value of one US dollar in Canadian dollars. It is an important economic indicator that reflects the strength of the US and Canadian economies and their trading relationship. The exchange rate is influenced by a number of factors, including interest rates, trade balances, political events, and global economic conditions. When the interest rates in the United States are higher than those in Canada, for example, the exchange rate tends to favor the US dollar. This is because investors are attracted to higher returns and will move their money to countries with higher interest rates.…

The Canadian dollar is expected to recover relative to the US Dollar later on in the year as the world’s economic outlook increasingly appears favorable for the more commodity-correlated currencies and many professionals assume monetary authorities will return to lowering interest rates again by 2024, according to a Reuters poll released this past Wednesday. Although, over the next 12 weeks, CAD is likely not to move over dramatically at 1.34 per U.S. dollar, or 74.63 U.S. cents, according to the median forecast from monetary analysts, however, this was above the January’s forecast of 1.35. CAD was then expected to increase…

In an effort to significantly increase transparency in regards to decision making, during a time of waning confidence in Canadian institutions, the Bank of Canada has released an internal minutes report giving rare insight into decision making. What’s behind their rate hike decision? It seems that the Bank of Canada hiked rates last month rather than leaving them unchanged because of labor market tightness and much stronger than had been previously expected growth, according to minutes from the policy setting meeting which was released on Wednesday. After letting inflation soar up to 8%, regaining the public confidence seems to be…