Canadian Dollar News Directory

The Pound-to-Canadian Dollar exchange rate was trading near its highest since April following a flurry of demand for Sterling, while BMO Capital Markets has suggested that levels around 1.73 should now be viewed as short-term buying opportunities.

July 16,2021

The Pound-to-Canadian Dollar rate recovery appeared to gain traction in the mid-week session after the Bank of Canada tapered its quantitative easing programme (QE) but left disappointed those investors who’d hoped it would adapt its guidance on interest rates in a more ‘hawkish’ way.

July 15,2021

The looming key risk for the Canadian Dollar will be the midweek Bank of Canada policy decision where it is expected another cut to the quantitative easing programme will be announced.

July 13,2021

The Pound-to-Canadian Dollar rate enters the new week attempting to sustain a break higher out of a multi-month range although whether it can will be determined over the coming days by the July policy decision from the Bank of Canada and commentary Federal Reserve officials.

July 12,2021

The Pound-to-Canadian Dollar exchange rate edged higher in the final session of the week as the Loonie appeared to overlook better-than-expected June employment data from Statistics Canada, leaving GBP/CAD’s break higher from a two-month range to continue unimpeded.

July 9,2021

The Pound-to-Canadian Dollar rate hit a metaphorical roof ahead of the mid-week session with its strongest one-day gain since the early morning moments of May, creating scope for a possible range-break higher, as oil prices crumbled and the U.S. Dollar roared back to life.

July 6,2021