The Pound-to-Canadian-Dollar rate closed on a high Friday after a strong weekly performance for Sterling and due to a horror show of a November jobs report from Canada but the looming UK general election could is now set to dominate the week ahead. 

December 8,2019

The Canadian Dollar was treading water early in the Friday session and has been tipped some local analysts to cling onto its recent gains in the weeks ahead, although others are concerned that already-weighty wagers from investors have made the Loonie vulnerable to a downward correction. 

December 6,2019

The Canadian Dollar soared Wednesday after the Bank of Canada (BoC) surprised markets with what was an almost 'hawkish' assessment of the global and domestic economic outlooks, leading to a reversal of intraday weakness and potentially setting the Loonie up for further gains up ahead.

December 4,2019

The Pound-to-Canadian-Dollar rate is tipped by technical analysts to remain supported in the days ahead, although an apparent ebbing of support for Prime Minister Boris Johnson's party in pre-election opinion polls could mean the British currency is vulnerable to losses early in the new week.

December 2,2019

The Canadian Dollar downtrend remained intact Friday with more losses against the U.S. Dollar and Pound seen ahead after the third-quarter GDP report failed to dispel doubts over whether current Bank of Canada (BoC) interest rates are really as appropriate as Governor Stephen Poloz recently claimed.   

December 1,2019

The Canadian Dollar was buoyed Wednesday by movement on the USMCA agreement front as well as progress toward a ‘phase one’ U.S.-China deal, but technical damage on the charts is acting as a constraint on the Loonie. 

November 28,2019

Canadian Dollar forecast 2020

Analysts at CIBC say they see a weaker Canadian Dollar in 2020 as the Bank of Canada engages in an interest rate cut early in the new year.

November 26,2019

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