Canadian Dollar News Directory

The Canadian Dollar was buoyed Wednesday by movement on the USMCA agreement front as well as progress toward a ‘phase one’ U.S.-China deal, but technical damage on the charts is acting as a constraint on the Loonie. 

November 28,2019

Analysts at CIBC say they see a weaker Canadian Dollar in 2020 as the Bank of Canada engages in an interest rate cut early in the new year.

November 26,2019

The Pound-to-Canadian-Dollar rate was volatile last week after being buffeted by events on both sides of the Atlantic but has now found support on the charts and is being tipped by technical analysts to continue post-summer climb to the upside in the days ahead. 

November 25,2019

The Canadian Dollar built on earlier gains over its U.S. and British rivals Friday after September's retail sales data beat expectations, lifting government bond yields which took the Loonie along for the ride although whether the currency can hold above a certain key level might dictate the outlook for the days ahead.

November 22,2019

The Canadian advanced against the Pound and U.S. greenback Thursday after Bank of Canada (BoC) Governor Stephen Poloz used an address to the Ontario Securities Commission to relight the Loonie's fire following a fierce sell-off earlier in the week. 

November 22,2019

The Canadian Dollar was rescued from month-long lows Wednesday by near-target inflation figures for the month of October but the Loonie will be vulnerable to the U.S. Dollar and Pound Sterling in the weeks ahead because the Bank of Canada (BoC) is edging closer to cutting its cash rate. 

December 10,2019