Yesterday’s high: C$1.6818
Yesterday’s low: C$1.6731
Canadian Dollar Mixed Despite Strong Oil Price News
Prices of oil, Canada’s most lucrative commodity, have gone from strength to strength in recent weeks, but the benefit to the Canadian Dollar has been minimal.
Yesterday the Canadian Dollar was feeling the pressure ahead of a speech from Bank of Canada (BOC) Governor Stephen Poloz. The central bank chief’s fairly neutral remarks lent the Canadian Dollar little support.
CAD Outlook: Brexit News Could Boost Pound Higher
GBP CAD investors are highly focused on the Brexit process again this week amid a lack of particularly influential data from Britain or Canada.
Any signs of developments in UK-EU Brexit talks, or rumours of setbacks, could inspire Sterling volatility.
Canada’s upcoming housing data is unlikely to cause much CAD movement.
13:15 Canadian Housing Starts
13:30 Canadian New Housing Price Index
09:30 UK Balance of Trade
09:30 UK Manufacturing and Industrial Production
09;30 UK Construction Output
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