The Canadian Dollar remained on its back foot Thursday after official data revealed a sharp widening of the trade deficit during October and as markets await a crunch decision about production cuts by the Organization of Petroleum Exporting Countries (OPEC), both of which are key to the outlook for the Loonie. 

December 6,2018

The Canadian Dollar weakened rapidly Wednesday after the Bank of Canada (BoC) appeared to back away from earlier guidance that it would step up the pace at which it raises interest rates in 2019. 

December 6,2018

The Canadian Dollar rose broadly Monday as oil prices recovered from 2018 lows but developments in the domestic market have just dented the growth outlook and could have negative consequences for the currency over the coming months. 

December 4,2018

The Pound-to-Canadian Dollar rate continues trading in the middle of a range but will retain a bearish bias in the week ahead.

December 3,2018

The Canadian Dollar was treading water Friday after official data showed the Canadian economy contracting at the end of the third-quarter. 

November 30,2018

The Pound-to-Canadian-Dollar rate could be set for fresh declines over coming days because a partial retracement of earlier losses is now acting as an open invitation for investors to swap the British currency for Canada's Loonie, according to Toronto-headquartered Scotiabank.  

November 28,2018