Author Archives: Daniel J

NAFTA breakdown has potential to weaken CAD (Daniel Johnson)

Trump plays hard ball on new NAFTA deal Donald Trump has decided to renegotiate the North American Free Trade Agreement (NAFTA) which has been in operation for over twenty- three years. Trump believes Mexico and Canada have benefited from the agreement, but hasn’t been as lucrative as it should be for the United states. Trump […]

Where next for CAD? (Daniel Johnson)

Could we see further gains for CAD? The Canadian dollar has performed well at the start of November, dropping as low as 1.65 against Sterling. Although there are worries surrounding trade between the US and Canada (the US is Canada’s biggest trade partner)  I am still of the opinion there could be further losses for […]

Trump threatens to leave NAFTA (Daniel Johnson)

 NAFTA collapse a possibility There are worries for the Canadian Dollar at present caused by the potential for the North American Free Trade Agreement (NAFTA) to disintegrate. President Trump has stated that there is the possibility the US could drop out of the trade deal if there is not agreement in hard-line proposals on Canada […]

BOC Moneatry Policy decisions shows a strong eonomic back bone for Canada (Daniel Johnson)

Who is making the correct moves for their economy the BOE or the BOC? There is little data of consequence released form both Canada and the UK this week. To put it bluntly I’m am of the opinion the Canadian economy is looking far healthier than the UK’s. We have seen two consecutive rate hikes […]

GBP/CAD – Potential Market Movers (Daniel Johnson)

Could Boris Johnson provide some clarity on Brexit? Tomorrow we will see Boris Johnson discuss Brexit. This does have the potential to move markets if he provides any clarity on Brexit. I would however be sceptical about him causing a significant rise in Sterling value. The real issues that need to be addressed seem to […]

BOC rate hikes demonstrate the health of the Canadian Economy (Daniel Johnson)

Two Interest Rate Hikes in a row from the BOC The Canadian economy  has been going from strength to strength of late, with strong economic data in nearly all areas. Oil is Canada’s primary export and with the OPEC deal restraining over supply this bodes well for Canada. The  Bank of Canada (BOC) has now […]

Sterling rallys against the Canadian Dollar following inflation data release (Daniel Johnson)

Will Sterling gains be short lived against CAD? Sterling has strengthen against the Canadian dollar following a a rise in UK inflation. GBP/CAD now sits above 1.61.  The reason for the rise for Sterling was Consumer Price Index (CPI) data. CPI is a measure of inflation, if provides a comparison in price changes on goods and […]

Bank of Canada raise interest rates for the second time in a row (Daniel Johnson)

Rate Hike causes significant Canadian Dollar strength The Bank of Canada (BOC) have raised interest rates for the second time running. Rates had already risen from 0.5% to 0.75% at the previous meeting and now in a shock move we have see another rise today 1%. This is a very rate and bold move as […]

Politics and Brexit hold back the Pound (Daniel Johnson)

CAD moves from strength to strength The Canadian Dollar continues to strengthen against the pound. There has been a recent rate hike by the Bank of Canada (BOC) from 0.5% to 0.75% and there is the possibility of further rate hikes in the not too distant future. The Canadian economy is currently very strong with […]

Could further Interest Rates be on the cards from the Bank of Canada? (Daniel Johnson)

Is CAD destined for further gains against Sterling? The Canadian Dollar has strengthened significantly against the pound following the recent interest hike from 0.5% to 0.75%.  We have recently seen a rise in Consumer Price Index (CPI) data. CPI measures changes in the price level of a basket of goods and services purchased by households, […]