Foreign exchange analysts at Canadian lender CIBC show rising headwinds to the Canadian Dollar over coming months, suggesting the best part of 2021's performance has now past.
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RBC Capital Markets have anointed a recommendation to sell the Pound-to-Canadian Dollar exchange rate (GBP/CAD) as their "trade of the week".
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GBP/CAD has established itself in a narrow 1.7450-to-1.7550 trading range but could stress both of those confines over the coming days as the Loonie digests local election results.
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The Canadian Dollar was on course to end the week Friday with gains over a large majority of its nearest rivals including Sterling and may be set to remain a weight on GBP/CAD if the Loonie’s month…
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GBP/CAD sees support around 1.75 & 1.7340 further down but may struggle to keep head above water this week.
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The Pound-to-Canadian Dollar exchange rate came off the boil ahead of the weekend after the latest Canadian employment figures spurred the Loonie on in an earlier rebound from prior losses that came …
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The Canadian Dollar traded with dampened spirit Wednesday after the Bank of Canada noted international headwinds and virus-related risks to Canada’s economic recovery that leave the Loonie with lit…
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