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The Canadian Dollar extended losses Wednesday after official data revealed a steep fall in inflation during November, which has given the Bank of Canada (BoC) yet another reason to be patient before raising interest rates again.
December 20,2018
The Canadian Dollar will strengthen next year as the Bank of Canada (BoC) continues to lift its interest rate and a looming general election forces politicians to address the nation's increasingly apparent competitiveness problem, according to the latest forecasts from Toronto-headquartered BMO Capital Markets.
December 18,2018
The Canadian Dollar has spent December on its back foot but the downtrend has recently lost momentum and all of this could change before over coming days because one last big test now awaits the Loonie during the week ahead.
December 17,2018
The Canadian Dollar will recover 2018's steep loss next year, according to the latest forecasts from ABN Amro, as the Bank of Canada (BoC) outpaces its U.S. rival and oil prices recover from the depths plumbed in recent months.
December 12,2018
The Pound and Canadian Dollar are trading a tight range however with a big week for Brexit looming and growing concerns over Canada's housing market, volatility could increase of the near-term.
December 9,2018
The Canadian Dollar strengthened rapidly Friday after November's labour market report showed the economy creating jobs at a rapid clip, enough to push the unemployment rate to a record low.
December 7,2018
The Canadian Dollar remained on its back foot Thursday after official data revealed a sharp widening of the trade deficit during October and as markets await a crunch decision about production cuts by the Organization of Petroleum Exporting Countries (OPEC), both of which are key to the outlook for the Loonie.
December 6,2018
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