Canadian Dollar News Directory

The Canadian Dollar has been tipped as a buy at BMO Capital Markets after falling to October lows when the Bank of Canada (BoC) set out to squash longer-term government bond yields, with an ongoing rebound in the U.S. Dollar and S&P 500 boding well for Canadian exchange rates. 

October 29,2020

The Canadian Dollar crumbled on Wednesday, extending or otherwise cultivating losses against most major currencies including Pound Sterling after the Bank of Canada (BoC) said it will now target lofty and alluring long-term Canadian government bond yields with its ongoing quantitative easing programme.  

October 28,2020

Improved investor sentiment and rising oil prices have combined to aid a recovery in the value of the Canadian Dollar, which enters the final quarter of 2020 as one of the better performing of the world's major currencies.

October 27,2020

The Pound-to-Canadian Dollar rate has strong support at nearby levels and with Brexit trade talks again promising so-far elusive progress, could have scope to recover further in the coming days, although much also depends on appetite for the Canadian Dollar. 

October 26,2020

The foreign exchange market is being lead by U.S. equity markets according to research from BNY Mellon, and of all the major currencies it is the Canadian Dollar that is displaying the strongest correlation.

October 27,2020

The Pound-to-Canadian Dollar rate clung to much of this week’s gain even as it softened on Thursday, as investors continued to wager that a Brexit trade deal is in the pipeline after all although Sterling’s recovery risks being crimped by the Loonie’s response to the outcome of the U.S. election.

October 22,2020