GBP/CAD stormed higher last week and flipped the technical setup positive. However, the coming days require a pullback, with the Bank of Canada decision in focus.
The Canadian Dollar fell after wage and unemployment data for November opened the door to a 50 basis point rate cut at the Bank of Canada next week.
Canada’s productivity crisis has reached what Stéfane Marion, Chief Economist at National Bank of Canada, calls an “obscene” gap compared to the United States.
A year-ahead prediction from one of the world's biggest banks says the Canadian Dollar should recover lost value against the U.S. Dollar in 2025.