Canadian Dollar News Directory

“Preliminary information indicates an approximate 0.4% decrease in real GDP for July giving back about half of June's gain. The main decreases were in manufacturing, construction and retail trade,” - Statistics Canada.

August 31,2021

GBP/CAD stabilised early in a holiday-shortened week but may struggle to sustain itself above the nearby 1.74 level over the coming days and would risk slipping back below 1.73 if either the U.S. Dollar or Canadian economic data spurs the Loonie on to a recovery.

August 30,2021

The Pound-to-Canadian Dollar exchange rate was little changed in the penultimate session of the week having drawn a line under a hat-trick of earlier losses around the 1.73 handle, but any pending recovery could prove difficult for Sterling to sustain as the September month unfolds.

August 26,2021

A rapid decline in timber prices have been attributed by some to a recent run of weakness in the Canadian Dollar, an understandable assessment given the importance of the sector to the Canadian economy.

August 24,2021

The Pound-to-Canadian Dollar exchange rate entered the new week reduced from three-month highs but would risk a further correction as far as an important level of support near 1.73.

August 23,2021

The Canadian Dollar plumbed the bottom of the major currency barrel ahead of the weekend and was on course for its worst week since March 2020 as a gloomy market of risk-averse traders overlooked signs of a robust pending recovery for Canada's economy.

August 20,2021