The second half of 2023 is "unlikely to be as good as H1" for the Canadian Dollar, says a major Canadian bank.
July 11,2023
The Pound to Canadian Dollar exchange rate entered the new week near some of its best levels for more than a year but could soon get an opportunity to reach new highs if it's correct to interpret Wednesday's Bank of Canada (BoC) interest rate decision as something of an asymmetric downside risk for the Loonie.
July 10,2023
The Pound to Canadian Dollar rate fell from landmark highs in the final session of the week after Statistics Canada reported a rebound in employment and moderation of pay growth that could help to assuage Bank of Canada (BoC) concerns about inflation.
July 7,2023
New forecasts show a steady decline awaits the Canadian Dollar against the U.S. Dollar, Euro and British Pound.
July 5,2023
The Pound to Canadian Dollar exchange rate has appeared to halt a fortnight run of losses in recent trade and opened the new month with a spring in its step but the outlook for GBP/CAD from here now hinges heavily upon whether there is a second successive distress signal from Canada's labour market this Friday.
July 4,2023
A falling Canadian Dollar, wobbling U.S. Dollar and rallying Pound all helped GBP/CAD to rally into month-end on Friday after a stalling Canadian economy appeared as if it would make a July increase in the Bank of Canada (BoC) cash rate less likely if not for the potentially offsetting details of the latest business outlook survey.
June 30,2023
The Canadian Dollar fell against major counterparts after all bar one of the most important measurements of inflation fell further than was expected by economists for the recent month, though some local economists say there is uncertainty over whether the declines will be enough for the Bank of Canada (BoC).
June 27,2023
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