Canadian Dollar News Directory

The Pound-to-Canadian Dollar rate was on its front foot early in the new week amid weakness in 'high beta' currencies but it could meet resistance at nearby levels and would be at risk of slipping back to early January lows over the coming days and weeks if the Loonie resumes its outperformance. 

March 22,2021

Canadian Dollar strength and resilience curtailed a tepid GBP/CAD recovery from the week's lows by Friday, making a battleground of the exchange rate in the process after overnight trading saw the Loonie deny Sterling a recovery of its earlier 1st place in this year's foreign exchange market marathon.

March 19,2021

The Canadian Dollar hit a speed bump on Wednesday, paring earlier gains over the U.S. Dollar and Pound in moves that were reinforced by lower-than-expected inflation numbers for the month of February, leaving the Loonie with a negative bias ahead of the all-important Federal Reserve (Fed) decision for March.

March 17,2021

The Pound-to-Canadian Dollar rate was closing in on three-month lows Tuesday as profit-taking appeared to blight Sterling ahead of this week's Bank of England (BoE) interest rate decision while the Loonie benefits from an ongoing bid due an improved domestic economic outlook. 

March 16,2021

The Pound-to-Canadian Dollar rate tumbled on Friday and remained under pressure after Statistics Canada hit a February job marktet ball right out of the park, prompting a bid for the Loonie that exacerbated an already heavy sell-off in GBP/CAD ahead of the weekend.

March 15,2021

The Canadian Dollar gave a cool and calm response to the Bank of Canada (BoC) on Wednesday when it provided few if-any clues about how the world's largest quantitative easing programme will evolve in response to what is already a better-than-expected performance from Canada's economy. 

March 10,2021