GBP/CAD — News Archive

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Canadian Dollar Sideways Ahead of Key BOC Rate Decision

The Canadian dollar is trading sideways on Monday ahead of an important announcement on interest rates by the Bank of Canada (BOC). The loonie is also struggling to find an upwards direction because of sliding crude oil prices, weak economic data, and a rallying greenback.

GBP & CAD Fall on Poor Data, Interest Rate Outlook

The Great Britain pound fell during the past trading week on poor macroeconomic data and concerns that the Bank of England will postpone the planned interest rate hike. The Canadian dollar had the similar issues.

Canadian Dollar Surges Against US Dollar as Housing Data Exceeds Estimates

The Canadian dollar surged against the US dollar on Wednesday, as investors felt more optimistic in the wake of the best Canadian housing data in two months. The loonie also rose against the British pound following a fresh scandal within the British government, which hurt traders’ demand for the British currency.

Canadian Dollar Drops Against US Peer on Poloz Dovish Comments

The Canadian dollar dropped against its US counterpart on Wednesday in the wake of dovish comments from Bank of Canada Governor Stephen Poloz. The loonie also had broader losses against other major peers, as investors worried about the gross domestic product numbers, which are due to be released on Friday.

Canadian Dollar Touches Highest Level in Three Weeks on Strong Retail Sales

The Canadian dollar rose against its US counterpart on Tuesday to touch the highest level in three weeks. The loonie also had broad gains against other major peers as Canadian core retail sales posted a strong increase in June, according to fresh data released today.

Canadian Dollar Climbs Against British Pound on Improved Inflation in July

The Canadian dollar surged against the British pound and the US dollar on Friday in the wake of a fresh reading for Canadian inflation, which showed that it had improved in July from a year earlier. The Canadian currency also rose against the US dollar and other major peers as investors became more optimistic that the Bank of Canada may increase its interest rates soon.

Canadian Dollar Climbs Against US Peer Following Solid Retail Sales

The Canadian dollar moved higher against its US counterpart on Friday, following the release of solid retail sales data that reflected growing consumer demand. A fresh reading for the consumer price index also supported the loonie today after matching analyst estimates.

Canadian Dollar Surges Against US Peer on Solid Retail Sales in April

The Canadian dollar surged against the US dollar and the British pound on Thursday following the release of retail sales data for April, which revealed solid growth. The positive data came after a wholesale sales report earlier this week, which showed stronger than expected increase in the same month and improved investors’ confidence in the Canadian economic growth.

Canadian Dollar Strengthens Against US Peer as Crude Inventories Fall

The Canadian dollar strengthened against the US dollar and the British pound on Wednesday, as oil prices climbed after a decline in US inventories improved the outlook for global supply. Traders’ concerns about trade relations between the United States and its northern neighbor eased today, which further supported the loonie.

Canadian Dollar Retreats as Weak Chinese Data Weighs on Metal Prices

The Canadian dollar weakened against its US counterpart on Monday, after a decline in metal prices forced the loonie to erase some of its gains on Friday. Positive data for housing starts in April, which were released earlier today, failed to yield gains for the Canadian currency.

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