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 …
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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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The Canadian Dollar advanced against all of its rivals in the midweek session after the Bank of Canada (BoC) raised its overnight lending rate and provided a strong hint of further hikes to come.&n…
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The Canadian Dollar crumbled in the final session of the week after official data revealed a surprise fall in September inflation and retail sales for the month of August, leading traders to look a…
Read more … →The Canadian Dollar is set to remain in a holding pattern against the U.S. Dollar during the coming weeks but is likely to cede ground to an oversold Australian Dollar going forward, according to a…
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