The Canadian Dollar has had a tough week, giving up 1.5% against both the US Dollar and Pound. The downward trend begun with news from the Bank of Canada suggesting they are considering further monetary policy easing as they struggle with their export market. I mid-week drop in oil price added fuel to the fire further highlighting the issue. With the Pound on an albeit modest recovery drive it led to the first GBPCAD weekly gain for 6 weeks.