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The Canadian Dollar is likely to recover lost ground from the US Dollar and hold its own against a strengthening Pound during the months ahead, according to the latest forecasts from J.P. Morgan, as the US Dollar rally of recent weeks has likely already reached its zenith.
May 16,2018
The Canadian Dollar entered the new week on the front foot Monday, scoring gains over approximately half of the developed world currency basket, as markets appeared unfazed by a crucial May 17 deadline for a renegotiation of the North American Free Trade Agreement draw that is drawing near.
May 15,2018
Technical studies suggest the Pound is likely to remain under notable pressure against the Canadian Dollar over coming days and weeks. But, watch British employment numbers and Canadian inflation data this week for near-term volatility.
May 13,2018
The Canadian Dollar pared earlier gains in the final session of the week after the latest labour market report showed Canada's economy shedding jobs during the April month when traders had looked for a healthy gain in employment.
May 11,2018
The Canadian Dollar rose across the board Wednesday as traders responded to President Donald Trump's decision to withdraw the US from the so called Iran nuclear deal with a steady bid for oil linked currencies, although some strategists are describing this move as a "sell-able bounce".
May 9,2018
Exchange rate forecasts, economic data, events, and analysts' views for the GBP/CAD pair in the week ahead.
May 8,2018
The Canadian Dollar pared back earlier gains over the majors Thursday as markets responded to data showing a steep widening in the Canadian trade deficit, to record levels, during March.
May 3,2018
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