The Canadian Dollar stumbled after official statistics showed unexpected job losses in June, raising the odds of another Bank of Canada interest rate cut.
Pound to Canadian Dollar Week Ahead Forecast: Selloff Ending, But Data Will Have Final Say
- Category: CAD
The corrective selloff in the Pound to Canadian Dollar exchange rate might be coming to an end, but Canadian and U.S. job figures out at the end of the week will have the final say.
Canadian Dollar: Inflation Surprise
- Category: CAD
The Canadian Dollar jumped after Canadian inflation unexpectedly rose in May and prompted investors to question whether the Bank of Canada could cut interest rates any further.
The Pound has registered two consecutive weekly declines against the Canadian Dollar and could see further weakness in the coming days and weeks.