Canadian Dollar News Directory

The Pound-to-Canadian Dollar exchange rate narrowly avoided a bearish close beneath its 200-week moving-average last week but the mounting threat of a 'no deal' exit from the Brexit transition period, combined with nascent Canadian outperformance, could yet see Sterling coming undone in the days ahead. 

October 19,2020

The Pound-to-Canadian Dollar rate was undermined Friday by a Brexit quarrel between Britain and the European Union as well as a strong turnout in favour of the Canada’s Loonie, although there could be as much as another five percent downside for Sterling on Scotiabank estimates if UK-EU trade talks fail. 

October 16,2020

The Canadian Dollar is being tipped to outperform its peers over the near-term, with gains expected by two notable investment bank analysts on the basis that markets maintain a dose of optimism heading into the November U.S. election and oil prices remain elevated.

October 14,2020

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