Canadian Dollar News Directory

The Canadian Dollar lagged commodity currencies as well as Sterling on Tuesday and was tipped by Scotiabank to retain a weak bias in the coming days, while a BMO Capital Markets algorithm also dialled down its enthusiasm for the Loonie, further indicating that USD/CAD may be turning higher. 

January 27,2021

In a weekly client briefing, strategists at the Wall Street bank's research desk say they prefer to "stick with longs", when it comes to approaching the Canadian currency.

January 26,2021

The Pound-to-Canadian Dollar rate rallied last week and was one of the better performing Sterling exchange rates but it could struggle to extend much beyond the 1.74 level over the coming days and may be most likely to range-trade between there and the 1.73 handle. 

January 24,2021

The Canadian Dollar remained a laggard among major currencies for the week on Friday even rallying in the latter half when an optimistic Bank of Canada (BoC) left its interest rate unchanged following a decision that has further divided analyst opinion on the outlook for the Loonie.

January 22,2021

The Pound-to-Canadian Dollar exchange rate tumbled on Wednesday after the Bank of Canada (BoC) stayed its earlier established course by leaving the cash rate unchanged following its latest meeting, surprising some parts of the market, and continuing its commitment to quantitative easing.

January 20,2021

The Pound-to-Canadian Dollar exchange rate could retest late November highs around 1.75 this week if the Bank of Canada (BoC) and Canadian economic growth risks undermine penalise the Loonie.

January 19,2021