Canadian Dollar News Directory

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

Canadian lender and financial services provider CIBC have this month told clients they have turned more constructive on the Canadian Dollar in 2021, but they also note a vaccine dependent recovery in the UK will likely aid Sterling higher against its Canadian counterpart.

January 27,2021

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