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The Canadian Dollar slumped against the its British and U.S. rivals Wednesday after the Bank of Canada (BoC) surprised an offguard market by hinting that an interest cut could be imminent given the slowing U.S. and global economies, which pose a risk to Canada's economic and inflation outlooks.
October 30,2019
The Pound-to-Canadian-Dollar rate is consolidating recent gains and although there may still be bumps in the road ahead, it's tipped by analysts at Scotiabank to draw fresh buyers upon any dips lower in the weeks ahead, as the UK heads for its third general election inside five years.
October 29,2019
The GBP/CAD rate has undergone a sharp correction and we no longer see the potential for further gains in the short-term as has been the case in our recent week ahead forecasts.
October 28,2019
The Canadian Dollar has decisively overcome a key technical resistance barrier on the charts but is now tipped by CIBC Capital Markets and TD Securities to consolidate within a narrow range ahead of next week's central bank meetings, before declining gently over the medium-term.
October 25,2019
The Canadian Dollar softened Wednesday after an upbeat survey reading from the Bank of Canada (BoC) sent the currency head-on into a major resistance level on the charts in the prior session, which is being tipped as likely to produce a short-term correction lower by the Loonie.
October 23,2019
The Canadian Dollar was creeping higher again Tuesday following the conclusion of the 2019 general election and is now tipped to take its cues from the Bank of Canada's (BoC) third-quarter Business Outlook Survey and retail sales figures for August, both due in the noon hours.
October 22,2019
The Canadian Dollar was creeping higher Monday even as voters prepared to choose the country's next government and is being tipped by some for further gains over the coming days irrespective of the election outcome.
October 21,2019
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