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
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
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
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
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
Foreign exchange analysts at Credit Suisse are backing a stronger Canadian Dollar in 2021 as they tell clients they are looking through the current rebound in Covid-19 infections and expect the Bank of Canada to continue 'tapering' its quantitative easing programme.
April 20,2021
The Pound-to-Canadian Dollar exchange rate (GBP/CAD) rose at the opening of a week in which the prevailing trading range could be seen shifting higher as Sterling navigates a raft of economic data and the Loonie takes some time out for the Bank of Canada’s big day.
April 19,2021
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