“Preliminary information indicates an approximate 0.4% decrease in real GDP for July giving back about half of June's gain. The main decreases were in manufacturing, construction and retail trade,”…
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GBP/CAD stabilised early in a holiday-shortened week but may struggle to sustain itself above the nearby 1.74 level over the coming days and would risk slipping back below 1.73 if either the U.S. D…
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The Pound-to-Canadian Dollar exchange rate was little changed in the penultimate session of the week having drawn a line under a hat-trick of earlier losses around the 1.73 handle, but any pending …
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A rapid decline in timber prices have been attributed by some to a recent run of weakness in the Canadian Dollar, an understandable assessment given the importance of the sector to the Canadian eco…
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The Pound-to-Canadian Dollar exchange rate entered the new week reduced from three-month highs but would risk a further correction as far as an important level of support near 1.73.
Read more … →The Canadian Dollar plumbed the bottom of the major currency barrel ahead of the weekend and was on course for its worst week since March 2020 as a gloomy market of risk-averse traders overlooked s…
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The Pound-to-Canadian Dollar rate was closing in on multi-month highs in the penultimate session of the week after the Loonie was left reeling by risk aversion in global markets.
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