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

The Canadian Dollar was an outperformer among major currencies for the session as well as week on Thursday as it continued to overlook the elevated possibility of an interest rate cut or other policy action from the Bank of Canada (BoC) next Wednesday.

January 14,2021

Canadian Dollar

The Canadian Dollar is forecast to appreciate in 2021 by economists at Canadian lender National Bank of Canada (NBC), who say gains in commodity prices will be a key driver of the gains.

January 13,2021

The Pound-to-Canadian Dollar rate rallied strongly on Tuesday after Bank of England (BoE) Governor Andrew Bailey appeared to poor cold water over the idea of the UK adopting a negative interest rate policy, although upside for Sterling could be limited to nearby levels, analysts have suggested. 

January 12,2021

The Pound-to-Canadian Dollar exchange rate turned away from near a year-long high last week and could be set to trade within a narrower and lower range over the coming days as a rally in U.S. government bond yields asks uncomfortable questions of investors in stock and commodity markets.

January 11,2021

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