The Canadian Dollar can strengthen in the short- and medium-term say foreign exchange analysts at Bank of America as they eye a 'hawkish' hold by the Bank of Canada midweek.
April 11,2023
The Pound to Canadian Dollar exchange rate slipped further from the week's highs ahead of a long Easter weekend after a robust employment report helped the Loonie to better resist a rebounding U.S. Dollar and to notch up gains over other currencies along the way.
April 11,2023
April 5,2023
The Canadian dollar got a boost as oil prices jumped some 8% or so at the Asian open after the OPEC+ blindsided the market with a surprise production cut, announced at the weekend.
April 3,2023
The Canadian Dollar lagged behind other major currencies ahead of the weekend but Statistics Canada's confirmation of a resilient local economy could help to sustain the Loonie's recent outperformance up ahead and may even embolden recent sellers of GBP/CAD and USD/CAD.
March 31,2023
"In terms of alpha-generation – we like being short GBP/CAD from here" - CIBC.
March 31,2023
The Canadian Dollar outperformed all major counterparts in the opening half of the week but the scale of its earlier losses and the Loonie's linkages to the U.S. Dollar are just some of the reasons why multi-month rallies in GBP/CAD and EUR/CAD could extend further in the weeks ahead.
March 30,2023
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