The Canadian Dollar's path of least resistance is to go higher according to Toronto Dominion Bank (TD).
June 8,2023
The Canadian Dollar rallied after the Bank of Canada raised its policy interest rates by 25 basis points to 4.75% and signalled it felt further rate hikes were required.
June 7,2023
Economists at RBC expect the Bank of Canada to deliver a hawkish hold in their upcoming meeting, which might generate some near-term Canadian Dollar weakness.
June 7,2023
The Pound to Canadian Dollar exchange rate fell to its lowest since the middle of April early in the new week but could recover its losses if the Bank of Canada (BoC) elects to wait and see about the evolution of the local economy rather than to begin raising its cash rate again this Wednesday.
June 5,2023
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 but likely rebounded in April, placing the Bank of Canada (BoC) under a spotlight.
May 31,2023
The Pound to Canadian Dollar exchange rate opened the holiday-shortened week near its May lows with a clearer inflection and deeper correction potentially underway on the charts but one that could yet be reversed by Wednesday's release of economic growth data in Canada.
May 30,2023
The Pound to Canadian Dollar exchange rate set itself on course for a fourth consecutive run of losses early in the new week but could fall as far as the round number of 1.65 in the days ahead if Sterling has further difficulty navigating an approaching minefield of domestic economic risk.
May 23,2023
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