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The Canadian Dollar has been under pressure against the U.S. Dollar, British pound and Euro in 2024, although some of that weakness was staunched in the second half of last week by a pickup in crude oil prices.
January 15,2024
GBP/CAD could be set to make further gains amidst a more constructive technical setup and falling oil prices.
January 9,2024
The Canadian Dollar rose against the Dollar, Pound and Euro after Statistics Canada said CPI inflation rose 3.1% year-on-year in November.
December 19,2023
The Canadian Dollar is a laggard on global foreign exchange markets after the head of Canada's central bank openly discussed interest rate cuts for the first time.
December 19,2023
Big support zones hint at limited downside for GBPCAD, but inflation figures on either side of the Atlantic will have the final say.
December 18,2023
The Canadian Dollar's recent run of strength is not built on a strong economic bedrock and a dovish tilt from the Bank of Canada will put the currency under pressure during 2024.
December 12,2023
GBPCAD is cooling off from its strong November rally, and the risk of further downside over the coming days is elevated.
December 11,2023
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