Bank of Canada Articles

What's Next For The Canadian Dollar ?

The Canadian dollar is at a critical point right now, as illustrated in the CAD index chart below. The CAD is trading on the lower support of an upwards rising channel structure, and although the CAD has gained momentum from April onward, it is looking increasingly weak. Note that previously…
September 12th

AUD/CAD Long Opportunity Targeting 0.95950 – Battle of the Commodity Currencies

Great risk to reward play forming on AUD/CAD with AUD looking to strengthen against the USD as the Iron Ore price strengthens and oil dropping effecting the Canadian Dollar. AUD/CAD has potential for price to break above August highs when you factor in the strong Iron Ore and Gold bull…
September 7th

Key Events to watch out for this week

Tuesday  EUR Gross Domestic Product (QoQ) (consensus -12.1%, previous -3.6%) – 10:00 AM BST Gross Domestic Product (YoY) (consensus -15%, previous -3.1%) – 10:00 AM BST The Worries around the health of the Eurozone have come into the spotlight amid a worrying set of trade data from Germany. Should the…
September 6th

USD/CAD – The Worst Is Over

The Canadian dollar has extended its rally against the USD during the course of last week, with CAD gains being accelerated after USD/CAD broke below a key support at 1.3850.
May 31st

Why the American Dollar Is Appreciating Against the Loonie?

Using the monthly chart for the USD/CAD, it is clear that the price is ranging between two levels the 1.4080 and 1.2085.
April 17th