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The Canadian Dollar sank deeper into the red against some of its big rivals at the beginning of the new week, although analysts are warning that losses could build further over the coming days as markets eschew the currency ahead of the Bank of Canada's (BoC) latest interest rate decision due on Wednesday.
March 6,2019
The GBP/CAD exchange rate reflects two currencies caught in a war of attrition, whereas other Sterling-based pairs are showing clear biases towards further gains.
March 3,2019
The Canadian Dollar was dealt a crushing blow Friday by official data that showed the economy contracting into year-end, as multiple headwinds stymied activity, vindicating the Bank of Canada for having said it will be more patient before raising interest rates this year.
March 1,2019
The Canadian Dollar ceded its crown as the best performing G10 currency of 2019 to Sterling on Thursday after the Pound-to-Canadian-Dollar rate hit a six month high, meaning the British currency has now advanced against all of its major rivals this year.
March 1,2019
The Canadian Dollar extended gains over rivals Wednesday after official data showed inflation pressures remaining elevated early in the New Year, which if sustained could be enough to draw the Bank of Canada (BoC) off the sidelines later in 2019.
February 27,2019
The Canadian Dollar was weaker Tuesday after President Donald Trump lashed out at the Organization of Petroleum Exporting Countries (OPEC) over its manipulation of oil prices, sending crude benchmarks and the Loonie lower, though analysts say both will rebound before long.
February 26,2019
The Pound-to-Canadian Dollar rate was trading at 1.7145 Monday after rising more than 0.5% last week, but the days ahead are likely to see the pair remain within its established multi-month range pending a fundamental driver that breaks the deadlock.
February 25,2019
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