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"Also weighing on the loonie in early 2022 will be a lack of upside in commodities. Demand for oil will be hampered in the near term by the spread of omicron globally" - CIBC.
December 21,2021
GBP/CAD supported near 1.69 & may test 1.71 as USD/CAD eyes advance toward 2021’s highs.
December 20,2021
GBP/CAD recovery places December highs in sight and USD/CAD lifts near to 2021’s highs.
December 16,2021
"Today’s announcement doesn’t change our forecast for the BoC to begin raising interest rates in April with three hikes in 2022."
December 13,2021
GBP/CAD risking another lurch lower this week and could see 1.6600.
December 13,2021
The Canadian Dollar pared earlier gains over the U.S. Dollar and Pound in the penultimate session of the week after its rally was stalled by a show of patience from the Bank of Canada (BoC), although this has done little to deter the Loonie’s admirers from their enduringly bullish outlooks.
December 9,2021
GBP/CAD attempting to stabilise after BoC stands pat and reiterates guidance for steady rates until April at least.
December 8,2021
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