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The Canadian Dollar ceded ground to rivals Friday after official figures painted a bleak picture of Canada's economy at the beginning of the New Year, vindicating the Bank of Canada (BoC) for having stepped back from an earlier pledge to lift interest rates aggressively in 2019.
March 22,2019
The Canadian Dollar is on course to hit fresh 2019 lows against its U.S. rival over the coming months, according to strategists at HSBC, who've told clients they expect the Bank of Canada (BoC) to continue retreating from its once-hawkish interest rate stance.
March 19,2019
The Pound-to-Canadian Dollar rate is to begin trading around 1.7719 Sunday after rising more than 1.5% in the previous week, although technical studies of the charts suggest the exchange rate is close to having exhausted its uptrend.
March 17,2019
TD Securities have downgraded their forecast for the Canadian Dollar, eyeing a softening of activity in the domestic economy.
March 15,2019
The Pound-to-Canadian-Dollar rate is vulnerable to sharp declines while close to recent multi-month highs so traders should keep selling the British currency upon spikes higher for now, according to technical analysts at Canada's Scotiabank.
March 18,2019
The GBP/CAD outlook is now marginally bearish after the pair rose up and touched the top of a long-term sideways range, between roughly 1.75 and 1.68, and reversed lower.
March 10,2019
A look at the GBP/CAD and USD/CAD exchange rates from a technical perspective following a sharp slump in the Canadian Dollar midweek which was triggered by the Bank of Canada adopting a more cautious-than-expected stance on monetary policy.
March 7,2019
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