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The Canadian Dollar advanced strongly against many of its rivals Wednesday after Statistics Canada figures revealed a surprise surge in inflation for the month of May, which could now prevent the Bank of Canada (BoC) from cutting its interest rate, and might even force it to resume its effort to lift rates.
June 19,2019
There is the prospect of a slight upmove in Sterling against the Canadian Dollar in the coming week, but the technical picture will be interupted by a Bank of England policy meeting and a number of Canadian data releases.
June 17,2019
The Canadian Dollar remains the best performing currency in the developed world universe this year and is now likely to spend the coming months trading within a new, higher range against its U.S rival and other currencies, according to analysts at Credit Suisse.
June 14,2019
The Pound-to-Canadian-Dollar rate is likely to see further losses before the year is out, according to the latest forecasts from Scotiabank, which have been downgraded due to the unforeseen resignation of Prime Minister Theresa May which has effectively put the Brexit process on hold.
June 11,2019
The Canadian Dollar was probing five-month has against its U.S. and UK rivals Monday but local analysts are divided over whether the Loonie can hold these lofty levels during the months ahead, with Scotiabank analysts projecting continued gains while CIBC Capital Markets looks for losses to resume in the weeks ahead.
June 10,2019
The GBP/CAD exchange rate is trading at 1.6888 at the start of the new week, after falling over a percentage point in the previous week. Studies of the charts suggest that the exchange rate is set to continue declining over the next five days.
June 9,2019
The Canadian Dollar extended its riposte against the U.S. Dollar and many of its G10 rivals Friday after jobs numbers for the month of May surprised on the upside for a second month running, suggesting earlier market pessimism on the Loonie's prospects may have been misplaced.
June 7,2019
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