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The Canadian Dollar pared earlier gains over the U.S. Dollar and Pound in the penultimate session of the week after its rally was stalled by a show of patience from the Bank of Canada (BoC), although this has done little to deter the Loonie’s admirers from their enduringly bullish outlooks.
December 9,2021
GBP/CAD attempting to stabilise after BoC stands pat and reiterates guidance for steady rates until April at least.
December 8,2021
National Bank of Canada says the recent decline in the value of the Canadian Dollar merely makes it even more undervalued relative to fundamentals, as they forecast gains in 2022.
December 7,2021
GBP/CAD struggling against resistance at 1.7064 and faces further impediment to recovery at 1.7166.
December 6,2021
GBP/CAD & USD/CAD falling apart at the seams as CAD steps back from brink on Nov jobs rally.
December 3,2021
"We suspect that barring a clear scientific consensus pointing to a limited impact from the Omicron variant, this uncertainty will likely curtail investor willingness to “buy the dip” in CAD." - Credit Suisse.
December 3,2021
USD/CAD back to breakeven as 2021 winds down but CAD is at risk of slipping into the red, CIBC says.
December 1,2021
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