15 July 2020 Canadian Dollar Shines as BoC Eyes "Sharp Recovery," Looks to Escort Canada Back Onto Dry Land 

The Canadian Dollar was buoyed on Wednesday when the Bank of Canada (BoC) said it expects "a sharp rebound in economic activity" this quarter but that it will still provide a monetary escort to the…

Read more … →
14 July 2020 Pound-Canadian Dollar Rate Unravels as UK Economic Woe Weigh On Sterling

The Pound-to-Canadian Dollar rate unravelled further on Tuesday after poor May GDP data stoked concern for the UK's recovery prospects, although some forecasters are warning of a further poor perfo…

Read more … →
12 July 2020 Pound-Canadian Dollar Rate Week Ahead: Cementing Grip on 1.70 as Earnings Season, BoC Decision Loom

The Pound-to-Canadian Dollar rate has risen for three consecutive weeks gains and could look to cement its grip on the recently recovered 1.70 handle in the coming days if  weakness in the Loo…

Read more … →
10 July 2020 Canada sees Jobs Rebound, Pound-to-Canadian Dollar Tests Key Resistance

The Canadian economy posted better than expected job statistics ahead of the weekend with numbers showing 952.9K people returned to work in June, but the data does not appears to have triggered a s…

Read more … →
09 July 2020 Pound-Canadian Dollar Rate Looks for Foothold at 1.70 but May Test 2020 High on Brexit Breakthrough

The Pound-to-Canadian Dollar rate was risking a fall back to 1.70 Thursday where it could establish a foothold in the coming days, although the British currency could rebound to test 2020 highs aga…

Read more … →
08 July 2020 Pound-Canadian Dollar Rate Slips as Chancellor's Mini Budget Underwhelms, Loonie Picks Up

The Pound-to-Canadian Dollar rate was slipping lower from near three-week highs Wednesday after an eagerly-awaited mini budget from Chancellor Rishi Sunak underwhelmed the market and the Loonie rec…

Read more … →
05 July 2020 Pound-Canadian Dollar Week Ahead: On the Back Foot but with Recovery Potential Ahead

The Pound-to-Canadian Dollar rate could find itself struggling on the back foot early in the new week ahead of a government spending review that will offer it an opportunity to recover from mid-wee…

Read more … →