Canadian Dollar News Directory

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

The Canadian Dollar remained a laggard among major currencies on Wednesday but has been tipped by analysts for an imminent return to levels last seen in April 2018 and a resilient enough showing to ensure GBP/CAD is prevented from rising to new highs in the short-term.

January 6,2021

The Canadian Dollar continued its trend of underperformance, lagging major rivals on Thursday as the curtain began to close on 2020 and ahead of a year in which Bank of Canada (BoC) concerns about export competitiveness could feature prominently as a driver of the currency. 

December 31,2020

The Pound-to-Canadian Dollar exchange rate is back in the upper half of its six-month range and could reclaim the 1.75 handle this week as parliament lightens Sterling's load by giving the nod to Britain's Brexit trade deal, while uncertain risk appetite and holiday market conditions keep the Canadian Dollar in check.  

December 27,2020

The Pound-Canadian Dollar remained volatile in illiquid holiday trade on Tuesday as time slipped away from Brexit negotiators, bringing a cliff edge and ratification risks into focus for an already badly bruised Sterling. 

December 22,2020

The Pound-Canadian Dollar rate clung to a handsome gain last week even after unravelling on Friday, but it now faces a return trip back toward December's lows as the Brexit talks go to the wire and the economy is ravaged by a new and more contagious variant of the coronavirus. 

December 21,2020