The Canadian Dollar weakened a touch Wednesday after the Bank of Canada (BoC) left its interest rate unchanged for December as many had expected, leaving investors to focus on mounting ri…
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GBP/CAD has recovered on NAFTA risks and Brexit progress and the charts suggest the pair may be reversing the down-trend on a short-term basis. The main release for the Pound is sector PMI data and…
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The Canadian Dollar was on the back foot Friday and is expected to remain on the defensive ahead of a pivotal announcement covering the outcome of North American Free Trade Agreement (NAFTA) negoti…
Read more … →The Canadian Dollar extended losses Thursday after official data showed economic growth picking up sharply in the second quarter but at a slower than expected pace, which may now cast doubt over&nb…
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The prospect of a 'no deal' between Canada and the US is eyed as a key risk to the Loonie over coming days.
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The daily chart shows that the pair is fast approaching a trendline which could provide a 'make-or-break' level for the exchange rate, above which it would suggest a new trend higher was forming.
Read more … →The Canadian Dollar is a bargain buy prospect on several counts including reports of a breakthrough in North American Free Trade Agreement (NAFTA) negotiations and chart signals that now suggest a …
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