Canadian Dollar News Directory

The Canadian Dollar fell sharply from one month highs when stock markets slumped across the globe during the latter half of this week but strategists at TD Securities say it likely has further to fall up ahead and have suggested that clients position themselves for a USD/CAD rally to 1.30.

June 10,2022

The Canadian Dollar kept Pound Sterling pinned down near to a 10-year low in the penultimate session of the week, illustrating along the way what some analysts say is an increasingly bearish picture for GBP/CAD on the charts ahead of important jobs data due out from the UK and Canada.

June 9,2022

Canada’s Dollar claimed pole position among major currencies for the year this week but strategists at CIBC Capital Markets say it could be close to peaking and have warned that a recently-supportive Bank of Canada (BoC) monetary policy stance now risks turning from tailwind to headwind.

June 9,2022

The Pound to Canadian Dollar rate has fallen to new post-referendum lows and could be set to remain under pressure ahead of next week’s UK wage data and Bank of England (BoE) policy decision due to a more hawkish turn in the Bank of Canada’s (BoC) interest rate stance.

June 6,2022

The Canadian Dollar climbed over and above all major currency counterparts barring the U.S. Dollar while clobbering Pound Sterling in the mid-week session after the Bank of Canada (BoC) announced a second large increase to its cash rate and said it could act “more forcefully” if needed.

June 1,2022

The Pound to Canadian Dollar rate opened the new week on its back foot but could attempt to retest a nearby technical resistance barrier around 1.6157 overhead on the charts if the Bank of Canada (BoC) signals on Wednesday that a slower pace of interest rate rises may be likely up ahead. 

May 30,2022