Canadian Dollar News Directory

The Pound-to-Canadian Dollar rate was on its front foot on Monday but could have scope to achieve six-month highs near to 1.78 this week if Sterling's nascent outperformance and a broader uplift of European currencies continues while the Loonie remains a laggard.

February 15,2021

The oil market is in an uptrend and there is little to stop its appreciation until Brent hits at least $70/ barrel according to one analyst we follow, a development that bodes well for the Canadian Dollar and other oil-linked currencies.

February 9,2021

The Canadian Dollar fell against the Pound, Euro and other currencies following the release of disappointing economic data that showed the country shed 212.8K jobs in January.

February 5,2021

The Pound-to-Canadian Dollar rate surged in relief on Thursday following a favourable Bank of England (BoE) policy decision, while the Loonie was holding its own against a resurgent U.S. Dollar amid a possible market reappraisal of the Transatlantic growth outlook.

February 4,2021

The Pound-to-Canadian Dollar rate was in retreat on Tuesday as the Loonie outperformed and Sterling consolidated gains from last week's breakout rally, although analysts at Scotiabank say GBP/CAD benefits from nearby technical support and that USD/CAD is poised for more range-trading. 

February 2,2021

The Pound-to-Canadian Dollar rate overcame multiple technical impediments on the charts last week as Sterling took the lead among major currencies for 2021, which has opened the door to a higher range that could ultimately see GBP/CAD testing 1.77 for the first time since March 2020 in the coming days. 

February 1,2021