The Pound-Canadian Dollar rate tested the top of its 2020 range last week but the two currencies are among the most vulnerable to any continued wobbles in the stock markets while each face a full plate of domestic risks over the coming days that could keep the exchange rate locked in a wide four cent range.

May 3,2020

The Canadian Dollar retains a broadly constructive tone on global foreign exchange markets heading into the end of what has been a month of broad appreciation, moving higher alongside its commodity currency peers in response to an ongoing improvement in global investor risk sentiment.

April 30,2020

The Canadian Dollar simply does not respond to movements in crude oil prices as it did ten years ago, shows a research note from Royal Bank of Canada, suggesting that a popular assumption that the Canadian Dollar is an 'oil currency' could need to be queried.

April 29,2020

The Canadian Dollar retains a firm tone in foreign exchange markets, rising against most major currencies over the course of the past month despite the ongoing crunch in oil markets.

April 28,2020

The Pound-Canadian Dollar rate was little changed last week after more sideways trading that spanned both risk-off and risk-on market conditions, although it remains well supported by a cluster of nearby moving-averages on the charts and is tipped by technical analysts to retain an upside bias in the weeks ahead.

April 26,2020

The Pound was treading water against a resilient Canadian Dollar Friday but will soon return to its 2020 high against the Loonie, according to the latest CIBC Capital Markets forecasts, as historic lows in some oil markets heap more pressure onto the Canadian economy and currency. 

April 25,2020