The Canadian Dollar starts the new week under pressure owing to a sharp fall in the U.S. Dollar and growing odds of a large 50 basis point cut at the Bank of Canada.
We are seeing a solid gain for the Pound to Canadian Dollar exchange rate (GBP/CAD) at the start of a new week that brings with it a new four-year best for CAD buyers.
USD/CAD as it sees a more resilient performance from the Canadian Dollar in the coming months by RBC.
The Canadian Dollar is under pressure against all its G10 rivals amidst a selloff in oil and commodities.