Canadian Dollar News Directory

The Pound was the best performing major currency last week and is tipped by technical analysts to advance on the Canadian Dollar over the coming days, although fundamental risks also favour more gains for Sterling over the coming days.

February 2,2020

The Pound-Canadian Dollar rate rally endured Friday even after Canada's November GDP beat expectations, with the Loonie the unable to capitalise on any perceived goods news amid mounting concerns over the spread of coronavirus, which has seen oil prices walloped and wounded commodity-sensitive currencies. 

February 2,2020

The Canadian Dollar was weaker on Wednesday as investors the world over continued to mull the possible economic consequences of the rapidly a spreading coranavirus, although even after this performance the Loonie is unprepared for the potential impact the disease could have on the Bank of Canada (BoC) outlook.

January 30,2020

The Pound closed the Friday session having become the second best performing major currency of the week although there could be further gains in store for the coming days if newfound support on the charts holds and the Bank of England (BoE) eschews a Thursday interest rate cut.

January 26,2020

The Canadian Dollar outperformed all other than safe-haven rivals in the noon session Friday as an upside surprise in December retail sales and a global hunt for yield among investorts lifted the Loonie, which scored one of its best gains over a weeping Pound Sterling.

January 25,2020

The Pound-Canadian Dollar recovery off post-election lows was aided this week by signs of a policy flip-flop from the Bank of Canada (BoC) but appetite for Sterling will be tested over the coming days so the short-term outlook for the exchange rate remains unclear. 

January 23,2020