Daily Canada Exchange House Commentary - Page 2

2026-05-05

Shipping Disruptions in Strait of Hormuz as US–Iran Clashes Escalate, Driving Oil Prices Higher

Today's expected range for the Canadian Dollar against the major currencies:

US Dollar 1.3490-1.3740

Euro 1.5790-1.6040

Sterling 1.8300-1.8550

2026-05-04

Oil Above $100 and Hormuz Tensions Dominate Markets, Driving Short-Term CAD Support

Today's expected range for the Canadian Dollar against the major currencies:

US Dollar 1.3480-1.3730

Euro 1.5800-1.6050

Sterling 1.8300-1.8550

2026-04-30

Gold Rallies as Rising Risk of U.S. Military Action in Iran Drives Oil to Wartime Highs

Today's expected range for the Canadian Dollar against the major currencies:

US Dollar 1.3550-1.3800

Euro 1.5950-1.6200

Sterling 1.8340-1.8590

2026-04-29

UAE Exit from OPEC Signals Shift in Global Oil Supply Dynamics

Today's expected range for the Canadian Dollar against the major currencies:

US Dollar 1.3560-1.3810

Euro 1.5940-1.6190

Sterling 1.8360-1.8610

2026-04-28

Global Central Banks Take Center Stage as BoJ Turns Hawkish and Fed Leadership Shift Looms

Today's expected range for the Canadian Dollar against the major currencies:

US Dollar 1.3550-1.3800

Euro 1.5850-1.6100

Sterling 1.8290-1.8540

2026-04-27

Fed Holds Rates in Final Powell Meeting as Leadership Transition and Iran Tensions Drive Global Uncertainty

Today's expected range for the Canadian Dollar against the major currencies:

US Dollar 1.3490-1.3740

Euro 1.5860-1.6110

Sterling 1.8330-1.8580

2026-04-24

Middle East Supply Shock from US–Iran Standoff Sustains Oil Rally and Supports USD

Today's expected range for the Canadian Dollar against the major currencies:

US Dollar 1.3560-1.3810

Euro 1.5900-1.6150

Sterling 1.8330-1.8580

2026-04-23

May 1 Deadline Looms for Trump to Secure Congressional Approval on Iran War

Today's expected range for the Canadian Dollar against the major currencies:

US Dollar 1.3540-1.3790

Euro 1.5850-1.6100

Sterling 1.8330-1.8580

2026-04-22

Strait of Hormuz Standoff Deepens as US–Iran Talks Stall, Keeping Oil Supply Under Pressure

Today's expected range for the Canadian Dollar against the major currencies:

US Dollar 1.3540-1.3790

Euro 1.5910-1.6260

Sterling 1.8330-1.8580

2026-04-21

Warsh Fed Hearing Takes Center Stage as Markets Weigh Policy Shift Amid USD/CAD Weakness

Today's expected range for the Canadian Dollar against the major currencies:

US Dollar 1.3530-1.3780

Euro 1.5950-1.6200

Sterling 1.8340-1.8590

2026-04-20

Canada Inflation Data Takes Center Stage as Markets Eye Energy Costs

Today's expected range for the Canadian Dollar against the major currencies:

US Dollar 1.3570-1.3820

Euro 1.5990-1.6240

Sterling 1.8330-1.8630

2026-04-17

USD Slides as Iran Peace Talk Hopes Undermine Safe-Haven Demand

Today's expected range for the Canadian Dollar against the major currencies:

US Dollar 1.3550-1.3800

Euro 1.6000-1.6250

Sterling 1.8370-1.8620