31 May 2023 Canadian Dollar Leans on Sterling after Data Casts Economy in Resilient Light

The Canadian Dollar recovered lost ground from the Pound and some other currencies in midweek trade after Statistics Canada said the local economy ground to a halt at the end of the second quarter …

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01 May 2023 Pound to Canadian Dollar Week Ahead: Consolidating Breakout 

The Pound to Canadian Dollar exchange rate has fully reversed its 2022 losses with a breakout above important technical resistance on the charts but with momentum now dissipating it could…

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31 March 2023 Canadian Dollar Offers Silver Lining to Sellers of GBP/CAD and USD/CAD  

The Canadian Dollar lagged behind other major currencies ahead of the weekend but Statistics Canada's confirmation of a resilient local economy could help to sustain the Loonie's recent outperforma…

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28 October 2022 Uncertainty Obscures Canadian Dollar Outlook as Economic Slowdown Looms

Canadian Dollar exchange rates were a mixed bag ahead of the weekend while the outlook for the Loonie has become less certain with the economy headed toward a slowdown and the Bank of Canada (BoC) …

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29 July 2022 Canadian Dollar Boosted by Economy's Resilience

The Canadian Dollar outperformed Pound Sterling and many other major currencies in the final session of the week after the local economy proved more resilient in May than markets had anticipated wi…

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31 March 2021 Canadian Dollar Leads Major Currencies as Economy Stands Tall

The Canadian Dollar outperformed other major currencies on Wednesday and remained leader of the pack for 2021 after Statistics Canada data showed the economy gaining momentum in January despite a s…

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28 August 2020 Canadian Dollar Troubled as USD/CAD and GBP/CAD Rally after GDP Surprise Overlooked by Market

The Canadian Dollar was caught on the hop by a tentative rebound in the U.S. Dollar Friday even after Statistics Canada unveiled June growth figures that surpassed market expectations before foreca…

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31 July 2020 Canadian Dollar Struggles as Risk Appetite Ebbs, GDP Surprise Marred by Sluggish June Estimate

The Canadian Dollar struggled Friday even after official estimates revealed the May rebound in the economy was larger than economists expected, as risk appetite appeared to ebb and a preliminary es…

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30 June 2020 The Pound-Canadian Dollar Rate Finds Support after Canadian GDP Data Sees Loonie Falter

The Pound-to-Canadian Dollar rate reversed course and traded higher Tuesday after Statistics Canada indicated that only a tepid economic recovery was underway in May, after reporting historic …

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30 April 2019 The Canadian Dollar Wobbles after February GDP Data Tips Hat to the Bank of Canada's Pessimistic Forecast

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 (…

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01 March 2019 Canadian Dollar Dealt Crushing Blow by Final-quarter GDP Shocker

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 h…

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31 January 2019 The Canadian Dollar Leads G10 Pack Even after Growth Data Sidelines the BoC 

The Canadian Dollar held onto its place at the top of the G10 league table Thursday even after official data confirmed that the economy slowed sharply into year-end, which led economists to claim t…

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21 December 2018 The Canadian Dollar Holds 18-month Low after GDP and Retail Data Underwhelm

The Canadian Dollar held at an 18-month low against the Dollar and also ceded ground to Sterling Friday, after the latest GDP and retail sales data appeared to put a further dent in the economic ou…

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30 November 2018 Canadian Dollar Baulks after GDP Data Casts Doubt Over BoC Outlook

The Canadian Dollar was treading water Friday after official data showed the Canadian economy contracting at the end of the third-quarter. 

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31 October 2018 Canadian Dollar Advances after August GDP Data Keeps Bank of Canada on Track to Raise Rates Again in January

The Canadian Dollar was treading water Wednesday before the release of GDP data for August, which will be key to market expectations of growth in the third-quarter, as well as the Bank of Canada's …

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30 August 2018 Canadian Dollar Extends Losses after GDP Disappointment Casts Doubt over September Move from the BoC

The Canadian Dollar extended losses Thursday after official data showed economic growth picking up sharply in the second quarter but at a slower than expected pace, which may now cast doubt over&nb…

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