Canadian Dollar News Directory

The Pound-to-Canadian Dollar rate is loitering around its 21-day moving average pending a Brexit-inspired breakout, which could come in the latter half of this week following an eagerly-anticipated European Council summit that will see both sides take stock of progress in the trade talks thus far.

October 13,2020

The Canadian Dollar advanced against the U.S. Dollar and Pound Sterling Friday, breaking above a resistance level against the former in the process, as the Loonie celebrated a September jobs blowout that provides further evidence of a labour market recovery in progress. 

October 9,2020

The Canadian Dollar outperformed on Thursday alongside other commodity and risk-sensitive currencies even after Bank of Canada Governor Tiff Macklem warned of risks to Canada’s economic recovery and reaffirmed the BoC's commitment to an extended period of near-zero interest rates. 

October 8,2020

The Pound-to-Canadian Dollar rate edged higher last week as pessimism about the outcome of the Brexit process was tempered, which may continue to support Sterling and could even give it a further lift over the coming days, especially if the Loonie remains an underperformer. 

October 4,2020

The Pound-to-Canadain Dollar rate was caught in the crossfire of a possible Brexit battle for a semantic victory as trade negotiations enter the home strait, but with significant political capital at stake and “dreadful liquidity” prevailing, Sterling volatility could escalate even further still.

October 2,2020

The Pound-to-Canadian Dollar rate may have established a new foothold above 1.71 amid a shifting balance of Brexit risks, giving it scope to edge higher over the coming days, although European troubles and an indecisive Loonie risk cutting short the nascent upturn in EUR/CAD. 

September 29,2020