Canadian Dollar Forecast

"It simply does not get more bullish than that" - RBC Capital Markets.

GBP/CAD risks shifting to the upside and will find itself well supported near 1.7154.

GBP/CAD looking to hold above 1.7150, but recovery momentum wanes at 1.73.

GBP/CAD finding support near 1.6930, may recover 1.71 on a BoC anticlimax.

For the GBP/CAD, a 'double top' on charts warns of further loss.

GBP/CAD risking slippage back below 1.71, weighed down by softer USD, oil price rally.

Be cautious when chasing the Canadian Dollar higher says a leading foreign exchange strategist, a warning that if correct suggests one of 2021's winners won't deliver a repeat performance in 2022.

GBP/CAD vulnerable as USD/CAD eyes break lower, may near 1.7050 as USD/CAD slides toward 1.2550.

2022 will be a good year for the Canadian Dollar says Goldman Sachs, while the Aussie Dollar is tipped to underperform.

GBP/CAD rally stalled by resistance near 1.2750, supported above 1.7037 as consolidation looms.

GBP/CAD recovery rally puts 1.73 in crosshairs, with support seen at 1.7085, 1.7008 & 1.6938.

"Also weighing on the loonie in early 2022 will be a lack of upside in commodities. Demand for oil will be hampered in the near term by the spread of omicron globally" - CIBC.

GBP/CAD supported near 1.69 & may test 1.71 as USD/CAD eyes advance toward 2021’s highs.

GBP/CAD recovery places December highs in sight and USD/CAD lifts near to 2021’s highs.

GBP/CAD risking another lurch lower this week and could see 1.6600.

National Bank of Canada says the recent decline in the value of the Canadian Dollar merely makes it even more undervalued relative to fundamentals, as they forecast gains in 2022.

GBP/CAD struggling against resistance at 1.7064 and faces further impediment to recovery at 1.7166.

"We suspect that barring a clear scientific consensus pointing to a limited impact from the Omicron variant, this uncertainty will likely curtail investor willingness to “buy the dip” in CAD." - Credit Suisse.

Currency tacticians at HSBC are looking for the Canadian Dollar to underperform the U.S. Dollar into year end, although it could be in for gains against the Euro says JP Morgan.

The Pound to Canadian Dollar rate has attempted to draw a line under a two-month run of losses and could find itself well supported above 1.6912 this week.