The Canadian Dollar rose to change hands at new intraday highs while weighing on GBP/CAD in midweek trade after the Bank of Canada (BoC) cited signs of "more persistent excess demand in the economy" for raising the cash rate to five percent and keeping its options open for the months ahead. 

July 12,2023

The second half of 2023 is "unlikely to be as good as H1" for the Canadian Dollar, says a major Canadian bank.

July 11,2023

The Pound to Canadian Dollar exchange rate entered the new week near some of its best levels for more than a year but could soon get an opportunity to reach new highs if it's correct to interpret Wednesday's Bank of Canada (BoC) interest rate decision as something of an asymmetric downside risk for the Loonie.

July 10,2023

The Pound to Canadian Dollar rate fell from landmark highs in the final session of the week after Statistics Canada reported a rebound in employment and moderation of pay growth that could help to assuage Bank of Canada (BoC) concerns about inflation.

July 7,2023

New forecasts show a steady decline awaits the Canadian Dollar against the U.S. Dollar, Euro and British Pound.

July 5,2023

The Pound to Canadian Dollar exchange rate has appeared to halt a fortnight run of losses in recent trade and opened the new month with a spring in its step but the outlook for GBP/CAD from here now hinges heavily upon whether there is a second successive distress signal from Canada's labour market this Friday.

July 4,2023