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Foreign exchange analysts at Goldman Sachs have raised forecasts for the Canadian Dollar, saying they expect limited risks from this week's Bank of Canada meeting and that they see good "risk reward" in owning the currency.
June 8,2021
The Canadian Dollar fell against the majority of its peers after employment figures disappointed against investor expectations.
June 7,2021
The Canadian Dollar remains 2021's best G10 performer, however analysts at Canadian lender CIBC say the top might just be in.
June 3,2021
The Pound-to-Canadian Dollar exchange rate tumbled at the opening of a holiday-shortened week and was slipping into the lower half of a month-long range where directional risk could turn higher over the coming days as the Loonie navigates GDP and job data.
June 1,2021
The Canadian Dollar is ripe for a correction says a prominent foreign exchange market analyst we follow, however the assessment at Barclays is that further gains can be realised.
May 24,2021
The Canadian Dollar's stellar run could be due to fade, although analysts at a couple of investment banks we follow say the longer-term outlook still remains resolutely constructive and weakness is likely to be shallow.
May 20,2021
The Canadian Dollar had outperformed in the midweek session but softened after statistical base effects were cited by Statistics Canada for inflation that surged even further above the Bank of Canada target in April, enabling USD/CAD and GBP/CAD to rise tepidly off session lows.
May 19,2021
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