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The BoC has so-far been vindicated for its increasingly cautious tone but, with oil prices up 6% over the last week, strategists say the Loonie is due some recognition.
November 7,2017
Canada's economy has shown signs of slowing in recent months but domestic and international developments could mean it faces further headwinds in 2018.
November 6,2017
The Pound-to-Canadian Dollar is presenting with a mixed chart and a thin week of economic events - however, potential for CAD weakness keeps bullish hopes alive.
November 6,2017
The market’s large net-long position in the Canadian Dollar, combined a step-change at the BoC, is a perfect recipe for a steep correction in the Canadian Dollar according to strategists.
October 31,2017
Multiple bullish signals adorn the chart of the Pound-to-Canadian Dollar, which combined with a probable interest rate rise in the UK suggests more upside for the pair.
October 30,2017
The Bank of Canada has entered the go-slow lane, and kicked the Canadian Dollar for its strength, which means a record net-long position may be at risk of unwinding.
October 26,2017
Traders had amassed the largest net-long position seen in the Canadian Dollar since 2012 during recent months but these may now begin to unwind following Wednesday's BoC statement.
October 26,2017
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Need Help? WhatsApp me.
Horizon Currency's dealing desk is here to answer any questions you have about the market.
Sam is one of our specialists and can be WhatsApped questions via this link.
