Category Archives: Forecast for the Week

Why has the Canadian Dollar lost value today, and where to next for CAD exchange rates? (Joseph Wright)

The Loonie has lost value during today’s trading session, falling against the US Dollar even if only slightly. At present the CAD to USD exchange rate is trading around its lowest point so far this year, and at the time of writing there doesn’t appear to be much support at 0.77 cents. There is a […]

NAFTA talks drag on which causes the Canadian Dollar to weaken against the Pound

The Canadian Dollar has once again come under pressure against the Pound as the three countries involved in the NAFTA negotiations are not close to a deal yet. US Congress appears to be running out of time at the moment in order to approve a new deal and with the Mexican election just over 3 […]

Canadian Dollar slips as Trump makes new NAFTA surprise!

The Canadian Dollar has lost value today after a surprise comment from the US’ White House chief economic adviser. Larry Kudlow is chief economic adviser to the White House so he has a close relationship with US President Donald Trump. Today Kudlow confirmed that Trump wishes to negotiate separate bilateral deals with Mexico and Canada. […]

Could UK Retail Sales help to increase the Pound vs the Canadian Dollar?

The Canadian Dollar has continued to strengthen during the course of this week against the Pound and it appears to be following the same trend as what is also happening with GBPUSD rates. Oil prices have been on the rise and the highest they have been for a few years and as Canada is such […]

Will the Pound have a positive end to the week against the Canadian Dollar?

In the last few days the Canadian Dollar has improved against the Pound after the Bank of England decided to once again keep interest rates on hold. The split was 7-2 in favour of keeping rates the same which came as no surprise but the real surprise was a huge downgrading of the UK’s growth […]

Stronger Canadian Dollar as oil price strengthens, will the strong run for oil help CAD recover recent losses?

The Loonie (Canadian Dollar) has begun the week in strong fashion after gaining on the US Dollar during today’s trading session. After a few very strong weeks for the Greenback (US Dollar) it’s currently heading for its 4th successive day of losses, with some believing that the bull run for the US Dollar is running […]

Oil surge leads to Canadian Dollar strength – CAD gains against most majors

The recent global uncertainty and political tensions surrounding Iran have led to  surge in the price of oil and we saw U.S crude oil futures gain 3% over the course of trading yesterday following the U.S decision to abandon a nuclear deal with Iran. This news has managed to take away some of the weakness for […]

Canadian Dollar increases in value vs the Pound but for how long?

The Canadian Dollar has improved against the Pound during today’s trading session after some very impressive housing data in the form of Building Permits for March. The figures came out at 3.1% for March which was a huge improvement to the previous month as well as much better than the expectation and this has really […]

NAFTA deal still far from sewn up (Daniel Johnson)

  US threatens non-approval on NAFTA deal if there is no firm proposal  in place in three weeks. The North American Free Trade Agreement (NAFTA) is currently in the process of being renegotiated. NAFTA is a free trade deal between the Sates, Mexico and Canada. Trump has made very clear he is unhappy with the current […]

Canadian Dollar strengthen as oil edges higher, where to next for CAD exchange rates?

The Canadian Dollar has strengthened throughout today’s trading session against most major currency pairs. The reasons for its gains can be put down to positive economic data along with strengthening commodity prices, which is important for the Canadian economy. Oil is one of the major exports for Canada, so seeing the price of oil increase […]