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GBPCAD has recovered enough to invalidate the recent downtrend but it remains too soon to call an outright rally given the risks associated with this week's Bank of England decision and the next GDP figures from Canada.
October 30,2023
Don't fight Canadian Dollar weakness against the Dollar in the wake of the Bank of Canada's (BoC) latest interest rate decision and guidance, say strategists at a leading Wall Street bank.
October 26,2023
The Canadian Dollar was softer after investors lowered the odds of another interest rate hike from the Bank of Canada following its latest interest rate decision and assessment of the economic outlook.
October 26,2023
In the coming week, the Canadian Dollar's main focus is the Bank of Canada (BoC) decision midweek, where the market favours an announcement for the policy rate to be maintained at 5.0%.
October 23,2023
The Pound's upside momentum against the Canadian Dollar has stalled, leading an analyst at one of Canada's primary banks to warn a reversal could soon occur.
October 19,2023
The Canadian Dollar fell against the majority of G10 currencies following the release of data that showed inflation in Canada was slowing faster than economists expected.
October 18,2023
The Canadian Dollar is expected to undergo "more Weakness Before a Revival in 2024" according to economists at CIBC, one of Canada's largest lenders and investment banks.
October 12,2023
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