Canadian Dollar News Directory

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

Foreign exchange strategists at Goldman Sachs are sticking with the Canadian Dollar, expecting it to outperform most rivals over coming weeks.

April 20,2022

The Pound to Canadian Dollar exchange rate has remained buoyant above its early April lows near the round number of 1.63 and could have scope to test or probe above the 1.65 handle this week if USD/CAD rebounds further from last Wednesday’s losses over the coming days.

April 19,2022