The Canadian Dollar could be propelled higher this week as growth and inflation data hit the market, while Brexit politics dominates the Pound. The charts are mixed.
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Just a week after jilting the CAD with a dovish interest rate statement, Governor Poloz is turning hawkish once more - and is outright bullish on the economy.
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Canada's economy appears over its recent blip although the BoC remains cautious and strategist opinions on the Loonie are mixed.
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The Canadian Dollar has been the strongest G10 currency versus the US Dollar in 2017 and major currency portfolio holders Westpac are continuing to bet on its rise.
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The Canadian Dollar will mainly be impacted by the Canadian Central Bank meeting in the week ahead, whilst the Pound will take its cue from the politics of Brexit; the charts are signalling a turna…
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Friday’s data comes amid increased uncertainty for the Canadian economy and the Dollar. Higher rates, slower growth and NAFTA risk are all in focus.
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The Canadian Dollar has always been characterised by its strong relationship with the price of oil and as third-quarter trade data is released we investigate the latest twist and turn of the relati…
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