"The Canadian dollar is acting like a petrocurrency once again, but we don’t think this will last," says Karl Schamotta, Chief Market Strategist at Corpay.
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The Canadian Dollar could strengthen if the conflict in the Middle East intensifies.
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The Pound continues its march higher against the Canadian Dollar and our Week Ahead Forecast model won't fight the trend.
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The British Pound could be looking to register its strongest monthly close against the Canadian Dollar since 2018 this week.
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The Canadian Dollar starts the new week under pressure owing to a sharp fall in the U.S. Dollar and growing odds of a large 50 basis point cut at the Bank of Canada.
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We are seeing a solid gain for the Pound to Canadian Dollar exchange rate (GBP/CAD) at the start of a new week that brings with it a new four-year best for CAD buyers.
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USD/CAD as it sees a more resilient performance from the Canadian Dollar in the coming months by RBC.
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