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The Canadian Dollar could find some support if the market's verdict of today's decision and guidance is a 'hawkish hold'.
April 13,2023
The Canadian Dollar can strengthen in the short- and medium-term say foreign exchange analysts at Bank of America as they eye a 'hawkish' hold by the Bank of Canada midweek.
April 11,2023
The Pound to Canadian Dollar exchange rate slipped further from the week's highs ahead of a long Easter weekend after a robust employment report helped the Loonie to better resist a rebounding U.S. Dollar and to notch up gains over other currencies along the way.
April 11,2023
April 5,2023
The Canadian dollar got a boost as oil prices jumped some 8% or so at the Asian open after the OPEC+ blindsided the market with a surprise production cut, announced at the weekend.
April 3,2023
The Canadian Dollar lagged behind other major currencies ahead of the weekend but Statistics Canada's confirmation of a resilient local economy could help to sustain the Loonie's recent outperformance up ahead and may even embolden recent sellers of GBP/CAD and USD/CAD.
March 31,2023
"In terms of alpha-generation – we like being short GBP/CAD from here" - CIBC.
March 31,2023
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