The Canadian Dollar has now risen above its fundamental value following a month of strong gains, according to a BMO Capital Markets financial model, so the bank has told clients it's better to wait and buy into any forthcoming dips in the currency rather than jumping straight.
June 28,2019
The Canadian Dollar advanced on its U.S. and British counterparts again on Tuesday and remains in first place within the G10 league table for 2019 but it could rise even further over the coming weeks, according to analysts at RBC Capital Markets.
June 27,2019
The Pound faces a months-long period of confinement to its current depressed levels against the Canadian Dollar, according to the latest forecasts from the Toronto-headquartered BMO Capital Markets, which have been downgraded due to a strong performance from the Loonie in recent months.
June 24,2019
The Pound and Canadian Dollar are locked in a sideways move short-term but the Canadian Dollar ultimately favoured over longer-term timeframes.
June 24,2019
The Canadian Dollar ceded ground to its U.S. rival and pared gains over Pound Sterling Friday after official data showed the retail sales bonanza of March fading away at the start of the second-quarter, although economists say consumer activity was stronger than the headline figures suggested.
June 21,2019
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
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