Canadian Dollar News Directory

The Canadian Dollar showed reslience against a rallying U.S. Dollar in the penultimate session of the week but some local analysts' views on USD/CAD are now leaning more toward bullish in anticipation of a widening gap between Federal Reserve (Fed) and Bank of Canada (BoC) interest rates. 

October 6,2022

The Pound to Canadian Dollar exchange rate has surged to six-week highs in recent trading but could climb further in the short-term and potentially above the 1.56 handle for a time, although the rally underway is not without setback risks and these could intensify as the new month unfolds.

October 4,2022

The Pound to Canadian Dollar exchange rate has substantially reversed an earlier spectacular slump to all time lows from the opening session of the week but its recovery appeared to falter ahead of 1.50 and so the risk may be that its latest declines have opened up a new and lower trading range for Sterling.

September 27,2022

The Canadian Dollar fell to its lowest against the U.S. Dollar since July 2020 this week in another torrid period for risky assets but it could be in line for one of the most significant recoveries if and when the greenback tops out, according to updated BMO Capital Markets forecasts.

September 24,2022

CAD fell in the wake of domestic inflation data showing prices rose less than expected in August, underscoring a view the Bank of Canada will be amongst the first major central banks to complete its hiking cycle.

September 20,2022

The Pound to Canadian Dollar exchange rate has shown signs of stabilising of late but may now be on the cusp of lurch toward all-time lows if the author is right about how the market might be likely to respond to any exceptionally large interest rate rise from Bank of England (BoE) this Thursday.

September 20,2022