Canadian Dollar News Directory

The Canadian Dollar's July rally against the likes of the Pound and Euro has suffered a setback and is at risk of reversing in the wake of the July Federal Reserve interest rate hike and guidance update.

July 27,2023

The Pound to Canadian Dollar exchange rate has reversed sharply from some of its highest levels for more than a year and entered the new week with a nine-month uptrend hanging in the balance on the charts with the outlook hinged on whether it can hold a nearby technical support in the 1.6850 area. 

July 24,2023

CAD extended a trend of weakness against the majority of its peers after headline Canadian inflation numbers undershot expectations by a sizeable margin, however, a stubborn trimmed mean inflation reading offers some lingering support.

July 18,2023

The Pound to Canadian Dollar exchange rate entered the new week at more than one-year highs but could be susceptible to a sharp corrective setback if UK inflation rolls over on Wednesday though the prospect of further declines in Canadian inflation beforehand could support GBP/CAD ahead of the midweek session.  

July 17,2023

Up, down and up again is how to describe the path of the Canadian Dollar over the coming days, weeks and months, according to the latest assessment from Bank of America.

July 14,2023

The Canadian Dollar rose to change hands at new intraday highs while weighing on GBP/CAD in midweek trade after the Bank of Canada (BoC) cited signs of "more persistent excess demand in the economy" for raising the cash rate to five percent and keeping its options open for the months ahead. 

July 12,2023