Category Archives: Media Quotes

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 […]

Oil price drop leads to further weakness for the Canadian Dollar (Daniel Wright)

The Canadian Dollar dropped off a little in trading yesterday, as investors and speculators dropped off some of their bullish bets (in favour of Canadian Dollar strength) due to the drop off in oil prices witnessed yesterday afternoon. At one point oil prices were down by 2% and although the tight link between the Canadian […]

Which will be stronger the pound or the Canadian dollar?

The Canadian dollar has been strengthening in recent weeks as it becomes more and more likely the Bank of Canada will raise interest rates. Expectations for the pound to rise against the Canadian dollar looked limited until this week when Inflation surprisingly jumped and the pound made some significant gains on the Loonie rising to […]

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 […]

Will the pound rise or fall against the CAD in the coming weeks?

The pound is looking like it will only struggle further against the Canadian dollar as we get closer to the reality of the Brexit. Brexit uncertainties are probably not a surprise to many reading this blog, you might even be bored of hearing about them but if you are concerned with the pound and the […]

Huge day tomorrow for the Loonie at 3 pm! Will the Bank of Canada raise interest rates?

There is huge expectation for the Bank of Canada (BoC) and Governor,¬†Stephen Poloz, to raise Canadian interest rates tomorrw. The currency has risen to the best rates since April against the pound as the prospect of a hike triggers a flood of investment into the Canadian economy. With their main trading partner the United States […]

Volatile day on GBPCAD exchange rates!

Yesterday saw some big swings on the GBPCAD exchange rate reminding us how important it is to be prepared on the currency markets of any unexpected twists and turns. Just as the pound was having a very bad day and GBPCAD to 1.6780 the Bank of England Governor Mark Carney dropped some hints that he […]

What can we expect next for GBPCAD rates?

The pound looks like it could fall further with the outlook ahead for the UK very shaky indeed. Currently we have a minority Conservative government and the Queen’s speech which was a much watered down version of the Conservative Manifesto has failed to set the pound alight. The price of Oil is a major factor […]

Buying Canadian Dollar rates set for improvement today (Joshua Privett)

After weeks of added expense from a resurgence in oil prices, alongside the anchor placed on Sterling from a shambles of an election, buying Canadian Dollar exchange rates may finally be heading back in a positive direction. Whilst the Pound is in limbo once more with the announcement of a new government partnership between the […]

GBP/CAD – Political uncertainty plagues the Pound (Daniel Johnson)

UK politics dictating GBP/CAD The snap election was deemed to be a smart move by Theresa May, unfortunately her cunning ruse did not go to plan. With the opposition so weak it seemed as though the election would be a foregone conclusion. However, with May attacking her core voters by stating those of a specific […]