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A round up of the latest Canadian Dollar forecast news items from the Currency News desk.

Canadian Dollar Today: Bank of Canada Deliver a 50bps Cut Amid Growth Concerns

24 Oct 2024 at 8 AM - Written by David Woodsmith

STORY LINK Canadian Dollar Today: Bank of Canada Deliver a 50bps Cut Amid Growth Concerns

After three 25bps cuts, the BoC decided to accelerate the easing cycle and deliver a 50bps cut. With disinflation overshooting the 2% target to 1.6%, the bank is now clearly focused on supporting the economy. Another cut is likely in December, although it is not clear whether it will be 25bps or 50bps. Stock markets rolled...

CATEGORIES: Canadian Dollar Forecasts

GBP/CAD Exchange Rate Posts 6-Month Highs on UK Budget Hopes

7 Mar 2024 at 9 AM - Written by Frank Davies

STORY LINK GBP/CAD Exchange Rate Posts 6-Month Highs on UK Budget Hopes

The Canadian dollar has been unable to make any headway in March amid concerns over the domestic economic outlook as higher interest rates bite. The Pound has held firm in global markets on hopes for a UK recovery. In this context, the Pound to Canadian dollar (GBP/CAD) exchange rate has hit 6-month highs just below the 1.7300 level on...

CATEGORIES: Pound Canadian Dollar Forecasts

US Canadian Dollar Rate Outlook: "USD/CAD to find good demand below 1.34 mark" say ING

25 Jan 2024 at 8 AM - Written by John Cameron

STORY LINK US Canadian Dollar Rate Outlook: "USD/CAD to find good demand below 1.34 mark" say ING

Bank of Canada Drops Talk of Higher Interest Rates, GBP/CAD Exchange Rate Hits 7-Week Highs The Bank of Canada held interest rates at 5.00% following the latest council meeting, in line with consensus forecasts. The bank provided no clear guidance on rates, but the Canadian dollar lost ground as the bank statement dropped references...

CATEGORIES: Canadian Dollar Forecasts Pound Canadian Dollar Forecasts

GBP/CAD Outlook: Pound Sterling Tests One-Month Best Against Canadian Dollar

16 Jan 2024 at 8 AM - Written by Ben Hughes

STORY LINK GBP/CAD Outlook: Pound Sterling Tests One-Month Best Against Canadian Dollar

The Canadian dollar (CAD) was undermined by a weaker Bank of Canada (BoC) survey on Monday with businesses reporting increased recession risks. The Pound to Dollar (GBP/CAD) exchange rate strengthened to 1-month highs at 1.7120 before settling just above 1.7100. The US Dollar to Canadian dollar (USD/CAD) Exchange rate advanced to near...

CATEGORIES: Canadian Dollar Forecasts Pound Canadian Dollar Forecasts

Canadian Dollar Underpinned by Jump in Oil Prices

19 Dec 2023 at 9 AM - Written by David Woodsmith

STORY LINK Canadian Dollar Underpinned by Jump in Oil Prices

GBP/CAD Exchange Rate Dips to 5-Week Lows Higher oil prices helped underpin the Canadian dollar on Monday and markets remain confident over Federal Reserve rate cuts in the first half of 2024. The US Dollar to Canadian dollar (USD/CAD) exchange rate dipped to 4-month lows at 1.3350 before a recovery to 1.3400. The Pound to Canadian...

CATEGORIES: Canadian Dollar Forecasts Pound Canadian Dollar Forecasts

Pound to Canadian Dollar Weekly Forecast: Bank of England Pushes Back Against Interest Rate Cuts

22 Nov 2023 at 8 AM - Written by John Cameron

STORY LINK Pound to Canadian Dollar Weekly Forecast: Bank of England Pushes Back Against Interest Rate Cuts

Hawkish comments from Bank of England officials and expectations of tax cuts have boosted the Pound on Tuesday. The Canadian inflation data had a measured impact, but reinforced expectations that the Bank of Canada would leave rates on hold at the December meeting. The Pound to Canadian dollar (GBP/CAD) inflation rate secured a...

CATEGORIES: Pound Canadian Dollar Forecasts Pound Sterling Forecasts

Pound to Canadian Dollar Outlook: 3-Week Best as Jobs Data Undermines CAD

6 Nov 2023 at 6 PM - Written by David Woodsmith

STORY LINK Pound to Canadian Dollar Outlook: 3-Week Best as Jobs Data Undermines CAD

The Pound Canadian Dollar (GBP/CAD) exchange rate posted a 3-week high just above 1.6955 on Monday as overall risk appetite held firm. GBP/CAD surged on Friday as a jump in the Pound was amplified by a weaker Canadian currency following the latest domestic jobs data and extended gains on Monday. Both currencies gained support from...

CATEGORIES: Pound Canadian Dollar Forecasts Pound Sterling Forecasts

Pound to CAD Dollar: BoC Hold Sees GBP/CAD Held Below Five-Week Best

26 Oct 2023 at 7 AM - Written by Ben Hughes

STORY LINK Pound to CAD Dollar: BoC Hold Sees GBP/CAD Held Below Five-Week Best

Canada Rates Held at 5.00%, BoC Still Fretting over inflation, GBP/CAD Exchange Rate Held Below 5-Week Highs The Bank of Canada held interest rates at 5.00% following the latest council meeting, in line with consensus forecasts. The US Dollar to Canadian Dollar (USD/CAD) exchange rate strengthened to just above 1.3800 before a...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound to Canadian Dollar 2024 Outlook: 1.65 in Two Months say CIBC

25 Oct 2023 at 12 PM - Written by David Woodsmith

STORY LINK Pound to Canadian Dollar 2024 Outlook: 1.65 in Two Months say CIBC

GBP/CAD Exchange Rate Rally Stalls Ahead of Bank of Canada Policy Decision An easing of geo-political tensions and rebound in risk appetite during Monday helped boost the Pound in global markets and the Canadian dollar lost ground. The Pound to Canadian dollar (GBP/CAD) exchange rate strengthened to 5-week highs close to 1.6800 in...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound Canadian Dollar Exchange Rate News: GBP/CAD Fluctuated ahead of BoC Interest Rate Decision

7 Jun 2023 at 12 PM - Written by John Cameron

STORY LINK Pound Canadian Dollar Exchange Rate News: GBP/CAD Fluctuated ahead of BoC Interest Rate Decision

Canadian Dollar (CAD) Quiet Ahead of BoC Rate Decision Meanwhile, the Canadian Dollar (CAD) is fairly muted as Cad investors move to the sidelines ahead of the latest interest rate decision from the Bank of Canada (BoC). With the markets pricing in another unchanged policy rate. Expectations that the central bank will keep the rate at...

CATEGORIES: Pound Canadian Dollar Forecasts

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