Canadian Dollar News Directory

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

The Canadian Dollar rallied to a three-year high with gusto on Wednesday, weighing on the Pound-to-Canadian Dollar rate in the process, although Sterling's recently-improved outlook has been buttressed by the prospect of a further dovish turn in monetary policy at the Bank of Canada (BoC). 

February 24,2021

The Pound-to-Canadian Dollar exchange rate is supported at nearby levels and could reach one-year highs in the coming weeks amid a brightening domestic backdrop in the UK, although a Tuesday speech from Bank of Canada (BoC) Governor Tiff Macklem will be an important influence on GBP/CAD this week. 

February 22,2021

The Pound-to-Canadian Dollar rate softened on Friday but its bullish trend on the charts has gotten analysts at Scotiabank weighing the odds of it rising into a higher range in the weeks ahead, although forecasts from HSBC suggest the Loonie should stir and push GBP/CAD lower again before year-end.

February 19,2021

The Pound-to-Canadian Dollar exchange rate was lower on Wednesday alongside other Sterling pairs but could benefit this quarter from a wave analyst upgrades to their outlooks for the British currency, some of which place GBP/CAD on course for the 1.80 level and what would then be one-year highs. 

February 17,2021