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The Canadian Dollar advanced back in the direction of 2020 highs against the U.S. Dollar while placing Sterling and other currencies under pressure on Wednesday after the Bank of Canada (BoC) stayed its monetary policy course, confirming in the process that Canadian interest rates really are at the "zero lower bound."
December 9,2020
The Canadian Dollar remained among the better performing major currencies for the recent week on Tuesday as it continued to overlook the risk of a surprise policy move from the Bank of Canada (BoC) on Wednesday, which might not be as much a wild card scenario as market pricing suggests it is.
December 8,2020
The Pound-to-Canadian Dollar exchange rate suffered a setback last week when Sterling was outperformed by a resurgent Loonie that has crimped the British currency's recovery prospects, although it faces further imminent declines this week owing to the renewed threat of a 'no deal' Brexit.
December 6,2020
The Canadian Dollar outperformed on Friday following a better-than-expected November jobs report that helped to constrain GBP/CAD, although the completion of a bullish reversal pattern on the charts was warning of further gains ahead for the Loonie and potential difficulty for Sterling.
December 4,2020
The Canadian Dollar will strengthen in 2021 say analysts at Bank of America, driven by stronger investor inflows of capital and rising oil prices.
December 1,2020
The Pound-to-Canadian Dollr rate unravelled to close lower for the period late last week but could be due a turnaround and recovery in the coming days as the Loonie contends with a variety of headwinds and the Brexit saga nears at least a temporary resolution.
November 30,2020
The Pound-to-Canadian Dollar rate more than unwound the last of its gains for the week on Friday as the strength of the Loonie collided with Brexit-inspired weakness in Sterlin, although with the clock running down rapidly the risk in the short-term could be that the Pound weakens further before any recovery.
November 27,2020
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