The Bank of Canada forms the highlight of a busy week for domestic drivers of the Canadian Dollar and strategists at Goldman Sachs are positioning for tactical upside in the currency on a 'hawkish' outcome.
September 5,2023
The Canadian Dollar was weaker against all major peers after the release of an unexpectedly weak set of economic growth figures for June and the second quarter.
September 5,2023
The Pound to Canadian Dollar exchange rate was struggling for momentum near one-month highs early in the new week after an eight percent rally from February lows appeared to stall just above 1.73 in the middle of July and the risk is now of a correction entailing a setback as far as the 1.7039 area in the days or weeks ahead.
August 22,2023
The Pound to Canadian Dollar exchange rate reached August highs after July inflation figures stoked further uncertainty about the outlook for the Bank of Canada (BoC) cash rate and as a softer U.S. Dollar helped lift the Loonie and Sterling in North American trade.
August 15,2023
The Pound to Canadian Dollar exchange rate climbed back to within arm’s reach of 2023 highs early in the new week but while it could remain buoyant in the short-term there is also a risk of corrective losses for Sterling and GBP/CAD if official data reveals any sign of Bank of England (BoE) interest rate taking its toll on the UK economy.
August 8,2023
The Pound to Canadian Dollar exchange rate (GBPCAD) rose on news Canada shed jobs in July, but the upside will prove potentially limited due to a bumper increase in wage settlements.
August 6,2023
A shift in commodity market dynamics and "less pessimistic" sentiment amongst key investors leads analysts at Macro Hive to say the Canadian Dollar's prospects are turning more constructive.
August 1,2023
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