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The Canadian Dollar posted a mixed performance Tuesday, softening against the greenback but gaining over Sterling, as markets responded to inflation figures for the month of August but multiple analysts are tipping the Loonie to remain firm against rivals for a while yet.
September 18,2019
The Canadian Dollar pared gains from the overnight session during early trading Monday but could continue to receive support in the coming days from spike in the oil price brought on by a supply shock and fresh fears of conflict in the Gulf after Iran was accuse of an attack on a Saudi Arabian oil facility.
September 16,2019
The Pound-to-Canadian-Dollar rate is set to begin trading around 1.6602 this week after closing the previous one around 2.63% higher on Friday, which kickstarted a new uptrend that is poised to extend further over the coming days.
September 15,2019
The Canadian Dollar is at risk of softening over the coming weeks as investors turn their attention to the looming general election set for late October, with details of the various policy platforms as well as ebb and flow of opinion polls now likely to have an impact on Loonie exchange rates, according to BMO Capital Markets.
September 10,2019
For GBP/CAD, a break above the 1.6335 highs would probably give the green light to a continuation higher to a target at 1.6445 and the late July highs.
September 9,2019
The Canadian Dollar followed oil prices, other risk assets and domestic bond yields higher Thursday after the Bank of Canada (BoC) suggested it will 'wait and see' how the U.S.-China trade war impacts the economy before deciding whether to lower its benchmark cash rate, setting it apart from most others in the G10 crowd.
September 5,2019
The Canadian Dollar extended gains over rivals Wednesday after the Bank of Canada's (BoC) left its cash rate unchanged and neglected to give a strong hint about any cuts that might be likely for the winter months, instead tying future policy decisions to developments in the U.S.-China trade war.
September 5,2019
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