The Canadian Dollar is likely to rise as a result of recent hawkish commentary from Bank of Canada (BOC), however, the big question is whether it can hold onto those gains.

July 5,2017

The Pound has pushed higher against the Canadian Dollar despite recent commentary from the governor of the Bank of Canada (BOC) which supported the Canadian Dollar.

July 3,2017

The US Dollar to Canadian Dollar pair fell to new yearly lows of 1.2963 on Friday after Canadian GDP data surprised to the upside, solidifying expectations that the Canadian central bank is about to embark on an interest rate hiking cycle.

June 30,2017

The Pound to Canadian Dollar fell over half a percent on Wednesday to 1.6820 after the governor of the Bank of Canada (BOC) said the Bank’s hitherto low interest rates had “done their job” and the Bank would be revisiting the possibility of increasing interest rates at its next meeting on July 12.

June 28,2017

The Pound rose against the Canadian Dollar (Loonie) at the end of last week reversing the downtrend temporarily but the overall trend remains bearish as we look ahead to the new trading week.

June 26,2017

The Pound rose against the Canadian Dollar (Loonie) at the end of the week after the release of disappointing inflation data weighed on hopes the Bank of Canada (BOC) would start raising interest rates.

June 24,2017