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Foreign exchange analysts at Credit Suisse are backing a stronger Canadian Dollar in 2021 as they tell clients they are looking through the current rebound in Covid-19 infections and expect the Bank of Canada to continue 'tapering' its quantitative easing programme.
April 20,2021
The Pound-to-Canadian Dollar exchange rate (GBP/CAD) rose at the opening of a week in which the prevailing trading range could be seen shifting higher as Sterling navigates a raft of economic data and the Loonie takes some time out for the Bank of Canadaās big day.
April 19,2021
The Canadian Dollar is billed as a buy-on-dips candidate at BMO Capital Markets ahead of next weekās national budget and Bank of Canada (BoC) monetary policy decision, which may impact international appetite for the Loonie.
April 19,2021
The Canadian Dollar was a straggler on Wednesday in a session where its larger North American cousin also ebbed against many currencies, although upgraded forecasts from Credit Suisse suggest the Loonie could yet push the greenback to its lowest level since late 2017 this quarter.
April 14,2021
The British Pound starts the new week half a percent higher against the Canadian Dollar amidst a broad rally in the UK currency, but it faces an uphill slog if it is to recover the losses it has suffered against its Canadian counterpart since late February.
April 12,2021
The Canadian Dollar rose against all major currencies on Friday, keeping it at the top of the table for 2021, after an earlier corrective dip was bought and with the Loonie later aided in its upward endeavour by a strong March employment report from Statistics Canada.
April 11,2021
The Canadian Dollar is 2021's top performing currency, but a number of foreign exchange analysts we follow are now of the view the currency's outperformance is at risk of fading as new lockdowns pose an unexpected challenge to the country's economic recovery.
April 12,2021
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