GBP/CAD is faltering at the start of the new trading week as UK growth remains in doubt and this increasingly contrasts with an outlook which suggests Canada still has untapped potential.
April 22,2018
The Canadian Dollar fell against its developed world rivals during the noon session Wednesday as markets responded to a decision by the Bank of Canada to leave its interest rate unchanged in April.
April 18,2018
The Canadian Dollar saw a mixed performance at the start of the new week as markets shrugged off geopolitical events from the weekend, which saw oil prices fall Monday, while traders positioned for an action packed week in terms of economic data.
April 16,2018
The Canadian Dollar has had the better of the Pound recently, but we note momentum does ultimately reside with the UK currency longer-term. We eye the Bank of Canada mid-week and a slew of UK economic releases on the calendar this week.
April 15,2018
The Canadian Dollar has continued its riposte against its developed world rivals into the final session of the week although, according to strategists at global investment bank Credit Suisse, it is now at a pivotal point that could soon prompt a sharp move in either direction.
April 13,2018
The Canadian Dollar is trading at a steep discount relative to many of its developed world peers following a months-long period of concern about the future of the North American Free Trade Agreement and now risks to the trade pact are abating, strategists at J.P Morgan are advocating that clients bet on a recovery in Canadian Dollar exchange rates.
April 11,2018
The Canadian Dollar could be about to stage a comeback against the US Dollar, according to strategists at two of Canada’s largest banks, as pessimism toward the economy has likely reached its peak and hopes of a succesful renegotiation of the North American Free Trade Agreement are mounting.
April 9,2018
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