15 June 2023 Canadian Dollar: Downside Risks Building Forecasts BNP Paribas

The Canadian Dollar is one of the better-performing of the major currencies of the past six weeks, but economists at a global investment bank say the currency will likely struggle over the remainde…

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13 June 2023 Pound-Canadian Dollar Strength to Remain Limited Near-term

The Pound to Canadian Dollar exchange rate has rebounded from early June lows in recent trade though remains within the 1.66 to 1.6950 range prevailing over the last six weeks while economic data f…

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09 June 2023 Canadian Dollar Hampered as Job Market Struggles to Absorb Workers 

  The Canadian Dollar fell widely ahead of the weekend after Statistics Canada disclosed the first outright fall in local employment levels since the last 'lockdown' and what might be a sign of…

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08 June 2023 More Canadian Dollar Strength "Path of Least Resistance"

The Canadian Dollar's path of least resistance is to go higher according to Toronto Dominion Bank (TD).

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07 June 2023 Canadian Dollar Puts GBPCAD and USDCAD Under Pressure Following Bank of Canada Rate Hike

The Canadian Dollar rallied after the Bank of Canada raised its policy interest rates by 25 basis points to 4.75% and signalled it felt further rate hikes were required.

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07 June 2023 Canadian Dollar: Look for Knee-jerk Weakness in Response to Bank of Canada says RBC Capital

Economists at RBC expect the Bank of Canada to deliver a hawkish hold in their upcoming meeting, which might generate some near-term Canadian Dollar weakness.

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05 June 2023 GBP/CAD Week Ahead Forecast: Recovering if BoC Waits to See

The Pound to Canadian Dollar exchange rate fell to its lowest since the middle of April early in the new week but could recover its losses if the Bank of Canada (BoC) elects to wait and see about t…

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