Canadian GDP misses expectations

The Canadian Dollar softened on Friday after February GDP data missed lofty expectations, although it may matter to the Loonie going forward that its recent rally has put some local corporations in a bind.

May 3,2021

Canadian Dollar

The Canadian Dollar climbed to new multi-year highs ahead of the weekend and in the process pushed the Pound-to-Canadian Dollar rate to its lowest level of the year-to-date, with price action coming amid choppy trading in U.S. exchange rates and a tentative outperformance by American stock markets.

April 30,2021

Canadian retail sales

The Canadian Dollar remained the week’s outperformer after March retail sales figures emerged stronger than was expected on Wednesday, vindicating the Bank of Canada's recently optimistic view of the country’s economic prospects ahead of an important Federal Reserve policy update.

April 28,2021

Canadian Dollar

The Pound-Canadian Dollar exchange rate was little changed following volatile trading last week but could be seen reclaiming its range highs over the coming days.

April 26,2021

Bank of Canada decision sees analysts raise CAD forecasts

The Canadian Dollar outperformed on Thursday having notched up gains over all majors including Pound Sterling and may be on course for even further gains, according to multiple forecasters who’ve been cheered by the latest guidance from the Bank of Canada.

April 23,2021

Macklem

The Canadian Dollar surged on Wednesday and in the process pulled GBP/CAD away from the week’s highs after the Bank of Canada (BoC) announced a reduction to its quantitative easing programme and indicated that an interest rate rise could come as soon as the middle of next year.

April 21,2021

Bank of Canada

The Bank of Canada meeting due to be held on Wednesday promises to be one of the more interesting instalments from Canada's monetary authority for some time, given they have an important decision on quantitative easing to make.

April 21,2021

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