The Bank of Canada will lower interest rates with two back-to-back 50 basis point interest rate cuts, which means a weaker Canadian Dollar than previously predicted.

October 17,2024

The Canadian Dollar was sold after inflation proved softer than markets were expecting in September.

October 15,2024

GBP/CAD is forecast to maintain its broader uptrend in the coming days.

October 14,2024

The Canadian dollar is climbing after the economy added more jobs than expected in September, lowering the likelihood of an outsized rate cut at the Bank of Canada’s upcoming meeting.

October 11,2024

The Pound is prone to further short-term weakness against the Canadian Dollar in the near term.

October 8,2024

"The Canadian dollar is acting like a petrocurrency once again, but we don’t think this will last," says Karl Schamotta, Chief Market Strategist at Corpay.

October 3,2024