The Canadian Dollar was quick to recover on Wednesday from a Bank of Canada (BoC) decision to take an axe to its cash rate and leave the door ajar for further easing, as the economy faces a "material negative shock" at the hands of coronavirus, although the Loonie is not out of the woods of yet

March 4,2020

The Bank of Canada is widely expected to cut interest rates on March 04 in sympathy with an apparently coordinated central bank action to inject capital and confidence into the global financial markets, amidst fears of a global economic slowdown owing to the coronavirus outbreak.

March 3,2020

The Pound-to-Canadian Dollar rate rose last week as the oil sensitive Loonie was punished more in a global risk sell-off than Sterling, helping to keep the technical uptrend alive on the charts although the first signs of a coronavirus outbreak in the UK could mean support for the British currency is tested over the coming days. 

March 1,2020

The Canadian Dollar continued to unravel alongside oil prices and stock markets Thursday, falling against most rivals including an unusually weak U.S. currency but the Loonie still managed to hold off a Brexit stricken Pound Sterling.

February 27,2020

The Pound-to-Canadian Dollar rate was on course for a fourth consecutive gain Tuesday with the North American currency remaining on the back foot as fading risk appetites weighed on commodities including oil, although some analysts say the exchange rate has scope to rise further.

February 25,2020

The Pound-to-Canadian Dollar rate softened last week but its six-month uptrend remains intact and both technicals as well as fundamentals could aid the exchange rate higher over the coming days.

February 23,2020