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The Canadian Dollar is destined to succumb to renewed weakness against its US rival in the weeks ahead, according to strategists at TD Securities, as markets focus on the growing gap between interest rates on either side of the US-Canada border.
June 21,2018
The Canadian Dollar weakened for a second consecutive session Tuesday as strategists at Bank of America Merril Lynch, one of the world's top ten investment banks, warn that further losses are lurking just around the corner for the Canadian currency.
June 19,2018
The Pound-to-Canadian-Dollar rate traded sideways last week, holding the one-month highs seen at the beginning of June, and one strategist says the currency pair should continue to edge higher during the current week.
June 18,2018
The Canadian Dollar fell Friday financial markets markets faced up to the increasingly likely prospect that efforts to rengotiated the North American Free Trade Agreement will now drag on toward year-end and as traders responded to the latest developments in oil markets.
June 15,2018
The Canadian Dollar fell broadly Monday as markets contemplated the implications of a worsening spat between President Donald Trump and Prime Minister Justin Trudeau and, according to the latest forecasts from J.P. Morgan, the currency could remain under pressure through the rest of 2018.
June 11,2018
The GBP/CAD pair has reached a zone of resistance at the 50-day MA. Datawise, Sterling could move notably on a slew of heavy-hitting UK data releases while the Canadian Dollar will be tied to NAFTA and trade headlines.
June 10,2018
The Canadian Dollar weakened against many of its developed world rivals Friday as traders responded to a disappointing set of jobs numbers for May while also responding to a developing trade spat between Prime Minister Justin Trudeau and US President Donald Trump.
June 8,2018
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