The Pound-Canadian Dollar rate rose nearly one percent last week but was rejected by the top of its multi-year range in the process and may now be poised for a fresh period of sideways consolidation over the coming days.

April 20,2020

CAD poloz

The Canadian Dollar is expected to maintain a soft tone against the Dollar, Pound and other currencies amidst an environment of subdued oil prices and an increasingly more proactive Bank of Canada.

April 16,2020

The Pound-Canadian Dollar rate was on course to test the top of a multi-month range Wednesday after the Bank of Canada (BoC) expanded its maiden quantitative easing programme and said that it will buy nearly half of all government treasury bills sold at auction from here in what could amount to partial 'monetisation' of the budget deficit.

April 15,2020

Canadian Dollar

The Canadian Dollar has come under fresh pressure in mid-week trade amidst a souring of investor sentiment, which appears to be sparked by a decline in oil prices which are falling amidst a sharp slump in global economic activity.

April 15,2020

Oil and CAD

The Canadian Dollar's ascent against the U.S. Dollar remains intact owing to a broad-based retracement of the Greenback in line with improving global investor sentiment built on the assumption that the worst of the coronacrisis is now behind us, however against Pound Sterling the Canadian unit remains directionless.

April 14,2020

The Pound-Canadian Dollar rate closed a second consecutive week Friday having changed little from the prior period and now appears to be setting itself up for a period of range-trading between well established support and resistance levels as investors search for the summit, or peak of the coronavirus mountain.

April 12,2020

The Canadian Dollar was left out in the cold on Thursday even as oil prices rallied ahead of another Organization of Petroleum Exporting Countries (OPEC) meeting in which a months-long trajectory of oil prices could be decided, indicating greater caution among currency traders. 

April 9,2020

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