The Canadian Dollar underperformed other major currencies in the final session of the week but benefited after Statistics Canada figures suggested retail sales and consumer spending likely helped to support the local economy last quarter.
May 22,2023
The Canadian Dollar outperformed most other currencies in the penultimate session of the week but some measures suggest it’s notably undervalued in pairs like USD/CAD and GBP/CAD, which might be more appropriately valued closer to 1.26 and 1.60 respectively.
May 18,2023
The Pound to Canadian Dollar exchange rate entered the new week near its May low and with risk tilted to the downside going into the release of important economic figures in both the UK and Canada, which could potentially see GBP/CAD slipping back to or below 1.68 in the days ahead.
May 15,2023
The Pound to Canadian Dollar exchange rate held near the middle of a probable short-term range in the final session of the week but next Wednesday's Canadian inflation figures could see it breaking down toward either 1.67 up ahead, or climbing in the direction of 1.72 instead.
May 12,2023
The Canadian Dollar should trend stronger against the Euro and British Pound into year-end while remaining range-bound against the U.S. Dollar as Canada benefits from a strong banking sector and elevated immigration.
May 10,2023
The Pound to Canadian Dollar exchange rate has receded from 15-month highs in recent trade and while it could yet find its feet again ahead of Thursday's Bank of England (BoE) decision, its shifting correlation with USD/CAD and related factors make for a more uncertain outlook than usual.
May 9,2023
The Pound to Canadian Dollar exchange rate was hobbled ahead of the weekend after Statistics Canada announced further strong gains in the number of jobs created by the local economy in April but the appearance of strength might be misleading.
May 5,2023
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