The Canadian Dollar's path of least resistance is to go higher according to Toronto Dominion Bank (TD).
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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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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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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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The Canadian Dollar recovered lost ground from the Pound and some other currencies in midweek trade after Statistics Canada said the local economy ground to a halt at the end of the second quarter …
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The Pound to Canadian Dollar exchange rate opened the holiday-shortened week near its May lows with a clearer inflection and deeper correction potentially underway on the charts but one that could …
Read more … →The Pound to Canadian Dollar exchange rate set itself on course for a fourth consecutive run of losses early in the new week but could fall as far as the round number of 1.65 in the days ahead if S…
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