Canadian Dollar News Directory

A falling Canadian Dollar, wobbling U.S. Dollar and rallying Pound all helped GBP/CAD to rally into month-end on Friday after a stalling Canadian economy appeared as if it would make a July increase in the Bank of Canada (BoC) cash rate less likely if not for the potentially offsetting details of the latest business outlook survey.

June 30,2023

The Canadian Dollar fell against major counterparts after all bar one of the most important measurements of inflation fell further than was expected by economists for the recent month, though some local economists say there is uncertainty over whether the declines will be enough for the Bank of Canada (BoC).

June 27,2023

The Pound to Canadian Dollar exchange rate headed for its June lows early in the new week where it would be retesting the technical support underpinning the recovery from last year's historic trough but whether the 1.6673 holds up through the week ahead hinges as much on the Loonie as it does the underperforming Pound.

June 26,2023

The Canadian dollar can continue its recovery against the Pound and U.S. Dollar according to new research from global investment bank Commerzbank, which also shows a more determined advance against the Euro for 2024.

June 23,2023

The Canadian Dollar was mostly stronger in a resilient showing from the Loonie heading into the latter half of the week while Sterling was weaker in many parts ahead of a widely anticipated Bank of England (BoE) interest rate decision with the result being modest losses for GBP/CAD and uncertainty about the outlook.

June 22,2023

The Pound to Canadian Dollar exchange rate receded further from June highs to open the new week and potentially needs a big Bank of England (BoE) Bank Rate surprise on Thursday if it's to avoid falling back toward earlier lows around 1.6648 up ahead.

June 19,2023