The Canadian Dollar is expected to weaken versus all its major trading partners over the next two years, according to analysts’ predictions at Investment Bank CIBC Capital markets.
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The Canadian Dollar could benefit against the US Dollar on month-end flows while against the British Pound and the Euro it retains a mild bullish tone.
Read more … → A major contributing factor to the outlook for the Canadian Dollar (Loonie) is the realisation of Donald Trump’s plans for Border Adjusted Tax policy or BAT for short.
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The GBP/CAD pair continues to move sideways under a trendline in the 1.65s forming a bull flag pattern in the process which is likely to breakout higher and rise roughly the same distance as the le…
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The pair has been pushing up against the trendline in the 1.65s and although it has been repulsed following successive attempts to break above, we still see a slight bias towards more upside …
Read more … →GBP/CAD continues to move up and down in a sideways range after an initial bullish rally from off of the mid-January lows.
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A broad-based bullish reversal appears to be taking place on the GBP/CAD pair.
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