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The Canadian Dollar's sensitivity to a 'dovish' Bank of Canada is on the wane.
October 23,2024
GBP/CAD is capped by a couple of significant technical resistance layers amidst focus on this week's Bank of Canada interest rate cut.
October 21,2024
The Bank of Canada will lower interest rates with two back-to-back 50 basis point interest rate cuts, which means a weaker Canadian Dollar than previously predicted.
October 17,2024
The Canadian Dollar was sold after inflation proved softer than markets were expecting in September.
October 15,2024
GBP/CAD is forecast to maintain its broader uptrend in the coming days.
October 14,2024
The Canadian dollar is climbing after the economy added more jobs than expected in September, lowering the likelihood of an outsized rate cut at the Bank of Canada’s upcoming meeting.
October 11,2024
The Pound is prone to further short-term weakness against the Canadian Dollar in the near term.
October 8,2024
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