The Canadian Dollar rose broadly in the penultimate session of the week but remained undervalued against the Pound, U.S. Dollar, Euro and others, according to CIBC Capital Markets' estimates, although central bank decisions elsewhere in the world could soon see some of these discounts dissipate.
December 8,2022
"The Bank of Canada flashed a yellow card on its rate hiking team" - CIBC.
December 8,2022
The Pound to Canadian Dollar exchange rate (GBP/CAD) reached nine-month highs early in the new week following a near seven percent gain in November but obstacles on the charts could now obstruct its path higher unless the Bank of Canada (BoC) adds further to the Loonie's burdens this Wednesday.
December 6,2022
The Canadian Dollar rose against a handful of peers in the final session of the week but remained a clear underperformer for the period as a whole following a sharp sell-off on Tuesday in which the Loonie and USD/CAD featured as the most actively traded on two of the interbank market's most popular platforms.
December 3,2022
The Pound to Canadian Dollar rate stumbled at eight month highs in the final session of the week after North American labour markets showed resilience in the face of rising interest rates and as the Loonie held its ground better than Sterling when both were confronted by a rallying U.S Dollar.
December 2,2022
The Canadian Dollar fell heavily prior to the midweek session and the reasons for why are a mystery that has left CIBC Capital Markets inclined to sell the rip in USD/CAD and buy the Loonie's dip against the bigger Dollar ahead of a likely corrective move back to 1.33 or below in the days ahead.
November 30,2022
The Canadian Dollar fell broadly against all major currencies early in the new week with a rolling underperformance that has lifted USD/CAD alongside GBP/CAD and in spite of widespread losses for U.S. Dollar exchange rates, leading the Loonie to appear as if it might be in the process of rolling over.
November 30,2022
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