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The Bank of Canada - and markets in general - stand accused of being overly pessimistic about the Canadian economy's prospects by NBC who say an improvement in sentiment over coming months will allow the Canadian Dollar to rise into the end of 2019.
May 3,2019
The Pound-to-Canadian Dollar rate has hit a strong band of resistance at 1.75 which is capping upside and suggests downside risks are heightened, say Shaun Osborne, an analyst with Scotiabank in Toronto.
May 1,2019
The Canadian Dollar wobbled while trading on its front foot against many rivals Tuesday after official data revealed a surprise February contraction in the economy, vindicating the Bank of Canada (BoC) for its anaemic estimate of growth for the first-quarter overall.
April 30,2019
Despite Sterling opening stronger against the Canadian Dollar, from a technical standpoint the trend in GBP/CAD is now marginally bearish.
April 29,2019
The Pound-to-Canadian-Dollar rate is condemned to trade within a narrow range over the coming week, according to technical analysts at Scotiabank, although the outlook for the USD/CAD rate appears to be dividing forecasters and strategists.
April 26,2019
The Canadian Dollar weakened against rivals Wednesday after the Bank of Canada (BoC) abandoned the so-called 'tightening bias' that would have eventually seen it go on lifting interest rates over the coming quarters, before laying the foundations for a possible shift to an 'easing bias' at a later date.
April 25,2019
The Canadian Dollar remains the best performing currency in the G10 universe for 2019 but that could all change this week if analyst commentary on the Loonie is anything to go by, given many are warning clients that losses are looming on the path ahead.
April 23,2019
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