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The Canadian Dollar was left reeling Wednesday after the Bank of Canada (BoC) dismissed recent economic strength as a temporary phenomenon and appeared to suggest it believes that Canada is unlikely to escape the slowdown plaguing the rest of the world.
July 10,2019
The Pound-to-Canadian-Dollar rate fell close to a two-year low amid broad weakness in Sterling exchange rates Tuesday but analysts at TD Securities are tipping the British currency for a rebound on Wednesday, which will see both UK GDP data and the latest interest rate decision from the Bank of Canada (BoC) hit the market.
July 9,2019
The Canadian Dollar has been tipped as a buy at RBC Capital Markets ahead of the July Bank of Canada (BoC) interest rate decision, which is due on Wednesday, although analysts at some other firms are growing more cautious in their outlook for the Loonie in the short-term.
July 8,2019
The Pound-to-Canadian-Dollar rate was trading around 1.6378 Monday after falling more than a full percentage point in the previous week and studies of the charts are suggesting the bear trend is likely to continue over the next few days.
July 8,2019
The Canadian Dollar retreated from an eight-month high Friday after official data revealed a surprise increase in joblessness during June, just as the Loonie's U.S. rival was celebrating a barnstorming rebound in employment growth just across the border.
July 5,2019
The GBP/CAD exchange rate, which is currently trading at around 1.6442, could be set to fall all the way down to 1.6100, according to analysts from Scotiabank.
July 4,2019
The Canadian Dollar bested its U.S. counterpart Wednesday but the Loonie's recent run of strong gains is likely to meet at least a temporary end over the coming weeks according to analysts at Westpac, who've told clients to sell the currency in anticipation of a correction lower.
July 3,2019
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