Canadian Dollar News Directory

The Canadian Dollar spiked higher Friday after official data revealed a surprise pick up in inflation during December, only to hand back gains shortly after as it emerged methodology changes were behind the increase, leaving the Loonie subject to the whims of energy prices.

January 18,2019

The Canadian Dollar will fall over the coming weeks according to analysts at CIBC Capital Markets, who have told clients they should sell the Loonie because it's New Year rally has now gone too far. 

January 15,2019

Technically, GBP/CAD is back in the middle of its longer-term trading range between 1.66 and 1.75 and the outlook for the pair remains uncertain as there does not appear to be in any dominant overarching trend.

January 14,2019

The Canadian Dollar ceded ground to rivals Wednesday after the Bank of Canada (BoC) confirmed that earlier guidance suggesting it would raise interest rates aggressively this year has effectively been thrown in the bin by policymakers during recent weeks. 

January 9,2019

The Canadian Dollar was unfazed Tuesday by official data revealing a sharp increase in the goods trade deficit for November but local economists say the trade numbers may prevent the Loonie from strengthening any further over the coming days.

January 9,2019

The Pound-to-Canadian-Dollar Rate will return toward its 2018 lows over the coming week, according to analysts at Toronto-headquartered RBC Capital Markets, who are advocating that the bank's clients bet on a decline in the exchange rate. 

January 8,2019