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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
The Pound-to-Canadian Dollar rate has edged above the middle of its likely short-term range ahead of Wednesday's Bank of Canada (BoC) policy decision but would still have significant upside ahead of it if Natwest Markets is right to remain bullish on an outperforming Pound Sterling for the weeks ahead.
March 9,2021
The Pound-to-Canadian Dollar rate tumbled to one-month lows Friday amid rallies in the U.S. Dollar and oil that have given Canada's Loonie an advantage over Sterling and prompted CIBC Capital Markets to suggest that clients of the bank consider betting against GBP/CAD.
March 5,2021
The Canadian Dollar stumbled on Friday as bad weather continued to blight many financial markets ahead of the weekend, leading to sharp gains in USD/CAD that enabled Pound Sterling to catch a previously falling GBP/CAD knife, lifting back above 1.77 in the process.
February 26,2021
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