The GBP/CAD pair has just reached the upper boundary of that range and it will either breakout higher or fall back down within the range, we think it is more likely that it will fall back down.
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The Canadian Dollar is lacking a clear narrative to drive it in one direction or the other at present, according to strategists at Toronto-headquartered BMO Capital Markets, who say the Loonie…
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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…
Read more … →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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