Canadian Dollar News Directory

The Pound-to-Canadian Dollar exchange rate suffered a setback last week when Sterling was outperformed by a resurgent Loonie that has crimped the British currency's recovery prospects, although it faces further imminent declines this week owing to the renewed threat of a 'no deal' Brexit.

December 6,2020

The Canadian Dollar outperformed on Friday following a better-than-expected November jobs report that helped to constrain GBP/CAD, although the completion of a bullish reversal pattern on the charts was warning of further gains ahead for the Loonie and potential difficulty for Sterling.

December 4,2020

The Canadian Dollar will strengthen in 2021 say analysts at Bank of America, driven by stronger investor inflows of capital and rising oil prices.

December 1,2020

The Pound-to-Canadian Dollr rate unravelled to close lower for the period late last week but could be due a turnaround and recovery in the coming days as the Loonie contends with a variety of headwinds and the Brexit saga nears at least a temporary resolution. 

November 30,2020

The Pound-to-Canadian Dollar rate more than unwound the last of its gains for the week on Friday as the strength of the Loonie collided with Brexit-inspired weakness in Sterlin, although with the clock running down rapidly the risk in the short-term could be that the Pound weakens further before any recovery.

November 27,2020

The Pound-to-Canadian Dollar rate was edging back in the direction of earlier highs on Wednesday, which could be bettered over the coming weeks according to strategists at Scotiabank, who've noted a technical backdrop that's turned bullish with expectations of the Brexit negotiations. 

November 26,2020