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The Canadian Dollar outlook has darkened this week after a spectacular collapse in global oil prices, leading analysts at Toronto-headquartered CIBC Capital Markets to cut their year-end forecast for the Loonie.
November 22,2018
The Canadian Dollar is likely to rise steadily against its U.S. rival over the coming quarters, according to analysts at Goldman Sachs, who say buying the Loonie is one of their best investment ideas.
November 20,2018
Sterling starts the new week on a firmer footing against the Canadian Dollar at the start of the new week with 1 GBP buying 1.6933 CAD amidst a broader pickup in Sterling exchange rates. Our technical studies do however suggest further losses are likely.
November 19,2018
The Canadian Dollar outlook clouded again over this week after an influential U.S. lawmaker said changes must be made to the new U.S.-Mexico-Canada Agreement before it will pass through the House of Representatives.
November 16,2018
The GBP/CAD pair has just reached the upper boundary of that range and it will either breakout higher or fall back down within the range, we think it is more likely that it will fall back down.
November 12,2018
The Canadian Dollar is lacking a clear narrative to drive it in one direction or the other at present, according to strategists at Toronto-headquartered BMO Capital Markets, who say the Loonie could remain in a "flat range" until the U.S. Dollar index tops out and goes into reverse.
November 9,2018
The Pound-to-Canadian Dollar exchange rate has risen to the top of its range at 1.7200 suggesting there is now an increasing chance the pair could hit a 'glass ceiling' and see further gains capped.
November 7,2018
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