Canadian Dollar News Directory

The Canadian Dollar is a sell with strategists at CIBC Bank who note market positioning is unsupportive and incoming Canadian economic data is likely to disappoint.

September 14,2023

GBPCAD has been edging lower through the August-September period and is now at a key support zone where failure could confirm the 2023 uptrend has likely ended.

September 12,2023

Those looking for a stronger Canadian Dollar were left disappointed by a Bank of Canada that maintained interest rates at 5.0% and signalled it was in no hurry to hike again.

September 6,2023

The Bank of Canada forms the highlight of a busy week for domestic drivers of the Canadian Dollar and strategists at Goldman Sachs are positioning for tactical upside in the currency on a 'hawkish' outcome.

September 5,2023

The Canadian Dollar was weaker against all major peers after the release of an unexpectedly weak set of economic growth figures for June and the second quarter.

September 5,2023

The Pound to Canadian Dollar exchange rate was struggling for momentum near one-month highs early in the new week after an eight percent rally from February lows appeared to stall just above 1.73 in the middle of July and the risk is now of a correction entailing a setback as far as the 1.7039 area in the days or weeks ahead. 

August 22,2023