Canadian dollar
Coverage of Canadian dollar in the Nexus archive.
- Deutsche, JPMorgan See Weaker Canadian Dollar as Inflation Cools
Deutsche Bank and JPMorgan are forecasting a weaker Canadian dollar as inflation in Canada continues to cool. This outlook suggests potential depreciation of the CAD against other major currencies in the coming period.
- New York Life Eyes Potential Canadian Dollar Debt Sale
New York Life is considering a potential debt sale in Canadian dollars. The Canadian dollar remained steady against the U.S. dollar amid rising oil prices and mixed performance against G-10 currencies, with market focus on upcoming home price data and a speech by Bank of Canada's Carolyn Wilkins.
- Loonie’s Weakening Ties to Oil Prices Amplifies Bets Against It
The Canadian dollar (Loonie) is weakening due to its strong correlation with oil prices, prompting increased speculative bets against the currency. Analysts highlight the growing risk of further depreciation as energy markets remain volatile.