Canadian Dollar News Directory

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

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

The Canadian Dollar was on its back foot Friday having ceded ground to the U.S. Dollar, Pound and a small majority of its other major rivals but forecasts from BofA Global Research suggest it has scope for one last huurah in the months ahead before fundamental forces demand an adjustment lower for the Loonie. 

January 8,2021

The Canadian Dollar recoiled in the face of a resurgent U.S. Dollar and Pound on Thursday but could face a reckoning with the Bank of Canada (BoC) and fresh losses later in January if USD/CAD is unable to sustain its newfound upward trajectory, according to some analysts. 

January 7,2021