Canadian Dollar weakness over the coming months is a high conviction view at Wells Fargo, the North American bank.
November 2,2023
The Canadian Dollar looks set to remain under pressure against the U.S. Dollar and other major currencies after economic growth data for September could mean the next move by the Bank of Canada will be a rate cut.
October 31,2023
GBPCAD has recovered enough to invalidate the recent downtrend but it remains too soon to call an outright rally given the risks associated with this week's Bank of England decision and the next GDP figures from Canada.
October 30,2023
Don't fight Canadian Dollar weakness against the Dollar in the wake of the Bank of Canada's (BoC) latest interest rate decision and guidance, say strategists at a leading Wall Street bank.
October 26,2023
The Canadian Dollar was softer after investors lowered the odds of another interest rate hike from the Bank of Canada following its latest interest rate decision and assessment of the economic outlook.
October 26,2023
In the coming week, the Canadian Dollar's main focus is the Bank of Canada (BoC) decision midweek, where the market favours an announcement for the policy rate to be maintained at 5.0%.
October 23,2023
The Pound's upside momentum against the Canadian Dollar has stalled, leading an analyst at one of Canada's primary banks to warn a reversal could soon occur.
October 19,2023
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