Canadian Dollar News Directory

The Canadian Dollar has been volatile with the Loonie whipsawing almost wildly since the Bank of Canada (BoC) shocked the market with its largest interest rate rise since 1998, throwing a curveball at investors and prompting a range of responses from analysts, a selection of which is included below. 

July 14,2022

The Canadian Dollar pushed GBP/CAD to fresh 10-year lows after the Bank of Canada (BoC) surprised an already hawkish market by lifting its interest rate its highest level since October 2008, outdoing the Federal Reserve and others along the way as it seeeks to bring down local inflation rates.

August 3,2022

The Pound to Canadian Dollar exchange rate remains in the grip of gravity and could be at risk of probing beneath the 1.55 handle afresh in the week ahead if Wednesday’s Bank of Canada (BoC) policy decision provides the Loonie with inspiration for fresh gains over other currencies. 

July 11,2022

The Canadian Dollar ceded ground to the greenback and perceived safe-haven currencies but rose against most other major counterparts as the Euro and risk assets across the world sustained heavy losses early in the new week, which lifted USD/CAD toward a major level of technical resistance on the charts.

July 5,2022

The Pound to Canadian Dollar rate’s mid-June recovery has been all but scuppered and it now risks remaining suppressed near around 1.55 in the days ahead unless market appetite for the U.S. Dollar and other positively correlated currencies ebbs. 

July 4,2022

Quebec based Desjardins Bank are forecasting a steady decline in the value of the Canadian Dollar through the remainder of 2022.

June 30,2022