Canadian Dollar News Directory

The Pound-to-Canadian Dollar exchange rate risks becoming stuck in another range-bound rut but at lower levels this week, as the Loonie outperforms while a cooling Euro threatens to weigh on Sterling ahead of September's Bank of Canada (BoC) decision and Brexit talks, which also get underway in the coming days.

September 7,2020

The Canadian Dollar outperformed the Pound, U.S. Dollar, Euro and a host of other major currencies ahead of the weekend, with markets overlooking jobs market data that came in worse than expected and instead continued to focus on a recovery in global equity markets.

September 4,2020

The Pound-to-Canadian Dollar rate was testing the top of its August range on Tuesday as the British currency outperformed amid a continued sell-off in U.S. exchange rates, although Scotiabank is looking for Sterling to recover further lost ground from the Loonie in the coming days.

September 1,2020

The Pound-to-Canadian Dollar rate has been lifted toward the top of its August range and could attempt to retest late July highs over the coming days if the Loonie remains as soft as it was on Friday, although the risk is of a Canadian comeback that results in more range-trading for Sterling. 

August 30,2020

The Canadian Dollar was caught on the hop by a tentative rebound in the U.S. Dollar Friday even after Statistics Canada unveiled June growth figures that surpassed market expectations before forecasting a strong July performance too, although this didn't prevent the Loonie from turning lower.  

August 28,2020

Canadian lender Desjardins Bank have updated their Canadian Dollar forecasts, saying the currency is likely to struggle for the remainder of 2020, but a more robust recovery should shape up in 2021.

August 28,2020