Canadian Dollar News Directory

The Canadian Dollar is one of the better-performing of the major currencies of the past six weeks, but economists at a global investment bank say the currency will likely struggle over the remainder of 2023.

June 15,2023

The Pound to Canadian Dollar exchange rate has rebounded from early June lows in recent trade though remains within the 1.66 to 1.6950 range prevailing over the last six weeks while economic data from the UK and Canada have offered little impetus for a breakout in either direction. 

June 14,2023

The Canadian Dollar fell widely ahead of the weekend after Statistics Canada disclosed the first outright fall in local employment levels since the last 'lockdown' and what might be a sign of the Loonie's labour market faltering following aggressive increases in the Bank of Canada (BoC) cash rate over the last year. 

June 9,2023

The Canadian Dollar's path of least resistance is to go higher according to Toronto Dominion Bank (TD).

June 8,2023

The Canadian Dollar rallied after the Bank of Canada raised its policy interest rates by 25 basis points to 4.75% and signalled it felt further rate hikes were required.

June 7,2023

Economists at RBC expect the Bank of Canada to deliver a hawkish hold in their upcoming meeting, which might generate some near-term Canadian Dollar weakness.

June 7,2023