Canadian Dollar News Directory

The Pound was biding time near to 2021 lows against the Canadian Dollar on Wednesday ahead of the latest Bank of England (BoE) policy decision although last week’s losses have seen the technical backdrop turn tentatively bearish on the charts, according to Scotiabank, posing a risk to the outlook for Sterling.

May 5,2021

The Pound-to-Canadian Dollar rate entered the new week near 2021 lows and facing an uphill struggle to recover in the absence of a let up from a rampantly strong Canadian Dollar or boost from the Bank of England this Thursday.

May 3,2021

The Canadian Dollar softened on Friday after February GDP data missed lofty expectations, although it may matter to the Loonie going forward that its recent rally has put some local corporations in a bind.

May 3,2021

The Canadian Dollar climbed to new multi-year highs ahead of the weekend and in the process pushed the Pound-to-Canadian Dollar rate to its lowest level of the year-to-date, with price action coming amid choppy trading in U.S. exchange rates and a tentative outperformance by American stock markets.

April 30,2021

The Canadian Dollar remained the week’s outperformer after March retail sales figures emerged stronger than was expected on Wednesday, vindicating the Bank of Canada's recently optimistic view of the country’s economic prospects ahead of an important Federal Reserve policy update.

April 28,2021

The Pound-Canadian Dollar exchange rate was little changed following volatile trading last week but could be seen reclaiming its range highs over the coming days.

April 26,2021