We find there are a number of factors that should keep the Canadian currency supported going forward, but the potential for a bout of political uncertainty on the horizon poses one notable headwind that might keep the increasingly bullish currency restrained.
October 18,2019
The Canadian Dollar held its own in a market that was inhospitable to so-called risk assets Tuesday but is likely to beat a lengthy retreat into year-end, according to strategists at UBS, who've told clients of the bank that selling the Loonie is a good way to bet on the nascent global economic slowdown continuing for a while yet.
October 15,2019
GBP/CAD is now looking to be in an established uptrend which could extend if it can successfully break through tough resistance situated not far above the current market level.
October 14,2019
The Canadian Dollar was lifted sharply and potentially saved from a trend reversal Friday amid series of favourable developments, some of which have driven an abatement of the icy winds blowing into Canada from overseas, with possible implications for the Bank of Canada (BoC).
October 14,2019
The Pound-to-Canadian-Dollar rate is trading at around 1.6404 at the start of the new week after closing the previous one almost a full percentage point higher, although the exchange rate is biased toward a continuation higher in the days ahead.
October 7,2019
The Canadian Dollar was lifted by better-than-expected trade figures and positive sentiment across markets Friday but is now being tipped to underperform in the months ahead, as the U.S. economy softens and takes the Loonie down with it.
October 4,2019
The Canadian Dollar faltered in noon trading Tuesday after the official growth figures showed the economy stalling in July, following a strong second quarter, which could risk the Loonie's crown as the best performing major currency of 2019 in the months ahead if it portends a change in trend.
October 3,2019
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