Category Archives: Forecast for the Week

Canadian Dollar gains back ground as stock market volatility cools – Inflation next week will be key

Canadian Dollar exchange rates have gained ground a little over the past few trading days as U.S stock market volatility has cooled a little over the course of the week. We did see another drop during the opening bell in trading yesterday, however there was a fight back and the losses were made up by […]

CAD Forecast – Sterling Under Pressure as Brexit Talks Intensify (Matthew Vassallo)

The CAD has found some support against Sterling this week, with the Pound coming under pressure again a host of the major currencies. The CAD had been struggling since the turn of the year, despite positing some positive economic figures. Much of the issues lay with concerns over the North American Free Trade Agreement (NAFTA), […]

Pound hits best rate to buy Canadian Dollar since May 2017 (Tom Holian)

The Pound has hit the best rate to buy Canadian Dollars since last May with the Canadian Dollar weakening in part due to the uncertainty surrounding NATFA. The US Dollar has also weakened to its lowest level against the Pound since the Brexit vote back in June 2016 and this has also caused the Canadian […]

Will the Pound continue to climb vs the Canadian Dollar, and what factors could impact it? (Joseph Wright)

The Pound has been climbing against all major currency pairs recently, after sentiment has improved surrounding the UK economy quite dramatically in recent weeks. It seemed to get a shot in arm a few weeks back when both Spain and the Netherlands announced that they want post-Brexit conditions to remain conducive to business continuing as […]

What can we expect next for the Canadian dollar?

The CanadianĀ dollar is looking slightly weaker against the pound which has surprisingly found some form lately. We are still not out of the woods for the Brexit and it does feel the Canadian dollar should from the fundamental considerations being strengthening very soon. More often than not currency rates move in advance of an event […]

Bank of Canada raise interest rates as expected to 1.25% – Slight CAD strength against most majors

Today saw the Bank of Canada raise interest rates by 0.25% which saw slight gains for the Canadian Dollars against most majors. The BOC however did mention in a statement that there are concerns surrounding the NAFTA agreement (North American Free Trade Agreement) was still a concern and this held back any major gains for […]

Bank of Canada predicted to hike rates (Daniel Johnson)

Is a Rate hike justified by the BOC? This afternoon is the Bank of Canada (BOC) interest rate decision. The expectations are that there will be a hike from 1% to 1.25%. Bank of Canada Governor, Stephen Poloz has stated a change in interest rate would be data dependent. If this is the case thenĀ  […]

Will GBPCAD hold above 1.70?

The pound to Canadian dollar levels have on the interbank rate improved back over 1.70 as concerns over the NAFTA (North American Free Trade Agreement) surfaced creating uncertainty over the outlook for the Canadian economy. The Canadian economy is very much supported by its exports in key commodities like oil and lumber which the US […]

What can we expect for GBPCAD rates in January?

The pound has dipped against the Canadian dollar, principally owing to the developments in the price of Oil which has improved lately. The Canadian dollar is known as a commodity currency and it will often react to changes in the price of certain commodities which directly support and influence the Canadian economy. Oil is one […]

NAFTA troubles threaten CAD (Daniel Johnson)

NAFTA Renegotiation is a long term threat to CAD. The Canadian dollar could be in for a turbulent year and I think the main cause for concern for Canadian Dollar seller is the renegotiation of North American Free Trade Agreement (NAFTA). Donald Trump is currently very unhappy with the current agreement and feels it should […]