Author Archives: Dayle L

CAD rallies against the US dollar

Over the last 48 hours the Canadian dollar has been performing well against the US dollar as oil prices have rallied. Oil is Canada’s largest export and the trend is for the Canadian dollar to perform well when oil prices are on the way up. The price of US crude oil has reached $58 a […]

GBPCAD exchange rates forecast

At present GBPCAD exchange rates are being dictated by events in the UK. The spotlight is certainly shining on UK Prime Minister Theresa May as reports were leaked 5 days ago suggesting 40 Conservative MPs plan to  sign a vote of no confidence in the Prime Minister. For this to materialise there will need to be […]

When to buy Canadian dollars?

Since the second rate hike of the year by the Bank of Canada in September, the central bank have been given a cautious tone. However in recent weeks employment numbers have continued to climb which is helping the outlook for the next 12 months. J.P Morgan this week have urged there clients to buy Canadian […]

GBPCAD drops like a stone

This afternoon the Bank of England announced their latest interest rate decision and the monetary policy committee voted in favour of hiking interest rates to 0.5% which was the first rate hike in 10 years.  Many of my clients were under the impression that the pound would soar against the Canadian dollar off the back […]

Further pressure on the Canadian dollar

The Canadian dollar has found itself under pressure over the last 24 hours due to the fall in oil prices. It has been reported that US fuel inventories have risen despite OPEC ordering a cut in production. For new readers, oil is Canada’s largest export and when oil prices fall so does the currencies value. […]

No further hikes for the Bank of Canada

This week Governor of the Bank of Canada Stephen Poloz surprisingly announced that interest rates wouldn’t raised again anytime soon and in fact interest rates could go either way due to fears that household debt is rising to fast. Within the same speech the governor outlined certain factors that are likely to influence interest rate […]

CAD weakness because of oil prices

The Canadian dollar has lost value against all of the major currencies this week due to the decline in oil prices. Oil has taken a hit following Hurricane Harvey as it is being reported that 20% of oil refineries have been shut down due to the flooding. Regular readers will be aware that oil prices and […]

GBPCAD update

Since the start of May GBPCAD exchange rates have dropped 12 cents. To put this into monetary value a £200,000 transfer into Canadian dollars achieves you 24,000 dollars less than 3 three months ago. In recent weeks the pound has lost value against the Canadian dollar due to UK inflation numbers falling last month. Inflation […]

Is the Canadian dollar overvalued against sterling? (Dayle Littlejohn)

When studying the Canadian dollar vs Sterling exchange rates, the two main factors that have dictated exchange rate fluctuations throughout the last 12 months have been oil prices and Brexit. The Organization of the Petroleum Exporting Countries is a group that aim to unify petroleum polices and secure fair and stable prices, ruled last year […]

The impact of Article 50 on GBPCAD exchange rates (Dayle Littlejohn

Now that UK Prime Minister Theresa May has triggered Article 50 the question is where next for GBPCAD exchange rates? Yesterday the pound didn’t show a steep decline that many economists had predicted and actually rates have dropped by only 1 cent since the Prime Minister sent the letter to Brussels stating the UK would […]