The Pound-to-Canadian Dollar exchange rate has risen to the top of its range at 1.7200 suggesting there is now an increasing chance the pair could hit a 'glass ceiling' and see further gains capped…
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Technical studies signal a good possibility this young rally could extend given the exchange rate has now successfully broken back above the 50-day MA at 1.6950, an event seen as a key 'right of pa…
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The Canadian Dollar handed back earlier gains and slipped lower midway through the final session of the week after the latest official data showed the labour market cooling its heels in October, wh…
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The Canadian Dollar was treading water Wednesday before the release of GDP data for August, which will be key to market expectations of growth in the third-quarter, as well as the Bank of Canada's …
Read more … →The Canadian Dollar is likely to outperform many of its G10 rivals over coming weeks, according to analysts, even if official data reveals the Canadian economy ground to a halt in August.
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The Pound-to-Canadian-Dollar rate fell last week as breakdown in the Brexit negotiations and a hawkish message from the Bank of Canada (BoC) conspired to push the exchange rate lower.
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Downside risks are building for the Pound-to-Canadian Dollar rate after the Bank of Canada said they were probably going to raise interest rates at a more aggressive pace than previously expected.
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