The Bank of Canada is marching towards its first interest rate cut, and this will keep the Canadian Dollar on the back foot until the second half of 2024, according to a new currency research note …
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GBPCAD can extend higher over the coming days, aided by increasing expectations for Bank of Canada interest rate cuts and a falling U.S. Dollar.
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The Canadian Dollar fell against all its G10 peers - apart from the U.S. Dollar - after official data revealed Canada's job market continued to loosen in October and lower the odds of another Bank …
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Canadian Dollar weakness over the coming months is a high conviction view at Wells Fargo, the North American bank.
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The Canadian Dollar looks set to remain under pressure against the U.S. Dollar and other major currencies after economic growth data for September could mean the next move by the Bank of Canada wil…
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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 GD…
Read more … →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.
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