Canadian Dollar News Directory

The Pound to Canadian Dollar rate tumbled to a five year low following last week’s Bank of England (BoE) monetary policy decision but could find a footing above the nearby 1.58 handle this week if the Loonie cedes further ground to the U.S. Dollar in the days ahead. 

May 9,2022

The data nevertheless confirms Canada's jobs market is incredibly tight and will offer further incentive for the Bank of Canada to continue raising interest rates.

May 6,2022

The Canadian Dollar stabilised near 18-month lows against the U.S. Dollar this week and strategists at CIBC Capital Markets say it should continue to find support near the 1.2950 level of USD/CAD in the event of any further rallies by the greenback. 

May 5,2022

The Pound to Canadian Dollar exchange rate signed off on a hat-trick of weekly declines last Friday but may be at risk of further losses that would see it sliding to a new five year low this week and in the wake of Thursday’s policy decisions from the Federal Reserve (Fed) and Bank of England (BoE). 

May 3,2022

The Bank of Canada will have scope to raise interest rates by another 50 basis points to 1.0% at their next policy meeting following the release of stronger than expected growth data, which should underpin the Canadian Dollar going forward.

April 29,2022

GBP/CAD plumbing lowest since September 2019, could remain suppressed near 1.6200 short-term.

April 26,2022