The Pound-to-Canadian-Dollar rate is likely to see further losses before the year is out, according to the latest forecasts from Scotiabank, which have been downgraded due to the unforeseen resignation of Prime Minister Theresa May which has effectively put the Brexit process on hold.

June 11,2019

The Canadian Dollar was probing five-month has against its U.S. and UK rivals Monday but local analysts are divided over whether the Loonie can hold these lofty levels during the months ahead, with Scotiabank analysts projecting continued gains while CIBC Capital Markets looks for losses to resume in the weeks ahead.

June 10,2019

The GBP/CAD exchange rate is trading at 1.6888 at the start of the new week, after falling over a percentage point in the previous week. Studies of the charts suggest that the exchange rate is set to continue declining over the next five days.

June 9,2019

The Canadian Dollar extended its riposte against the U.S. Dollar and many of its G10 rivals Friday after jobs numbers for the month of May surprised on the upside for a second month running, suggesting earlier market pessimism on the Loonie's prospects may have been misplaced.

June 7,2019

The Canadian Dollar was on its front foot against a weakened U.S. greenback Friday amid high hopes that U.S. tariffs on Mexican goods can be avoided, but the final session of the week will be an important one that could ultimatelythrow a lifeline to those who're betting the Loonie will fall to multi-year lows before the year is out.

June 7,2019

The Pound-to-Canadian-Dollar rate is biased to weaken both from a fundamental and technical perspective, according to analysts at Scotiabank, who say the exchange rate is likely to slip beneath the five-month low set in May.

June 6,2019