Kantor Currency Exchange CA

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The CAD/USD is opening at 1.4107 (0.7089)The US dollar surged after the Federal Reserve delivered a hawkish surprise at ...
06/18/2026

The CAD/USD is opening at 1.4107 (0.7089)

The US dollar surged after the Federal Reserve delivered a hawkish surprise at Kevin Warsh’s first meeting as Chair. While rates were left unchanged, 9 of 19 Fed officials now expect at least one rate hike this year, compared with none in March. The Fed also raised its inflation forecasts, reinforcing expectations that interest rates could remain higher for longer.

The shift boosted short-term Treasury yields and pushed the USD sharply higher against most major currencies. USD/CAD remains in a strong uptrend, supported by expectations of tighter US monetary policy and resilient economic data.

US retail sales rose 0.9% in May, beating forecasts, while pending home sales jumped 3.8%, highlighting continued strength in consumer demand. Meanwhile, hopes for a reopening of the Strait of Hormuz weighed on oil prices, reducing support for the Canadian dollar and adding to USD/CAD upside momentum.

The CAD/USD is opening at 1.4014 (0.7135).Market attention is firmly focused on today’s Federal Reserve interest rate de...
06/17/2026

The CAD/USD is opening at 1.4014 (0.7135).

Market attention is firmly focused on today’s Federal Reserve interest rate decision, the first under new Chair Kevin Warsh. While rates are widely expected to remain unchanged, investors will closely watch the Fed’s guidance for clues on the path of future policy. USD/CAD remains supported above key technical levels, maintaining a bullish bias near recent highs.

Meanwhile, geopolitical developments continue to influence sentiment. Reports suggest the US and Iran are preparing to sign an interim agreement that could restore Iranian oil exports and unlock significant economic support, helping pressure crude oil prices lower. In the UK, inflation came in softer than expected, while US housing starts fell sharply to their weakest level since 2020. Markets are also weighing stronger-than-expected US import and export prices, which may complicate the Fed’s inflation outlook.

06/16/2026

⚽ Every step leads to a better rate.

The CAD/USD is opening at 1.4015 (0.7135)The US dollar rebounded on Monday, recovering losses triggered by falling oil p...
06/16/2026

The CAD/USD is opening at 1.4015 (0.7135)

The US dollar rebounded on Monday, recovering losses triggered by falling oil prices as hopes for a US-Iran peace deal reduced geopolitical risk premiums. Investor attention is now shifting to the Federal Reserve meeting, where markets will closely monitor comments from new Fed Chair Kevin Warsh for guidance on future interest rates.

The Bank of Japan raised its policy rate to 1.0%, the highest level in 31 years, and signaled further policy normalization ahead. In contrast, Australia’s central bank kept rates unchanged while warning that inflation remains elevated.

Economic data highlighted growing concerns about global growth. China’s retail sales and investment weakened sharply, while US housing sentiment and manufacturing activity missed expectations. Despite softer data, US Treasury yields edged higher, supporting the greenback. Markets remain cautiously optimistic that a US-Iran agreement could reopen the Strait of Hormuz, easing energy supply concerns and reducing inflation pressures.

The CAD/USD is opening at 1.3977 (0.7155)The US dollar weakened as optimism surrounding a potential long-term ceasefire ...
06/15/2026

The CAD/USD is opening at 1.3977 (0.7155)

The US dollar weakened as optimism surrounding a potential long-term ceasefire between the US and Iran boosted investor confidence and reduced demand for safe-haven assets. The prospect of calmer geopolitical conditions pushed crude oil prices and US Treasury yields lower, while global equity markets advanced. Meanwhile, USD/CAD remains supported above key moving averages, keeping the pair near six-month highs despite the broader USD pullback.

Markets were encouraged by reports that the US and Iran had reached an interim agreement to halt hostilities and reopen the Strait of Hormuz, a critical route for global energy shipments. The deal also opens the door to 60 days of negotiations on Iran’s nuclear program, although important issues, including sanctions relief, remain unresolved. In the US, consumer sentiment improved more than expected in June, while both short- and long-term inflation expectations eased, providing some reassurance that inflation pressures may be moderating. Investors now turn their attention to upcoming Federal Reserve decisions and the progress of US-Iran talks for further market direction.

The CAD/USD is opening at 1.3990 (0.7148).Oil prices fell to a two-month low as markets reacted positively to renewed si...
06/12/2026

The CAD/USD is opening at 1.3990 (0.7148).

Oil prices fell to a two-month low as markets reacted positively to renewed signals of a potential US-Iran peace agreement. President Trump cancelled planned military strikes and suggested a deal could be reached as soon as this weekend, reducing geopolitical risk concerns and triggering broad market moves. Lower oil prices weighed on the Canadian dollar, while equities, gold, and risk-sensitive assets gained.

Despite the optimism, investors remain cautious. Iranian officials have not yet approved any agreement, and reports indicate negotiations remain stalled on several key issues. Meanwhile, US producer prices rose sharply in May, highlighting ongoing inflation pressures linked to higher energy costs. In Europe, the ECB raised interest rates by 25 basis points, citing inflation risks stemming from Middle East disruptions.

Markets also digested uncertainty surrounding the future of the USMCA trade agreement and a major US tariff refund ruling. Looking ahead, investors will continue monitoring developments in Iran, inflation trends, and central bank policy expectations for further direction.

06/12/2026

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