Category Archives: Media Quotes

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 […]

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 […]

Bank of Canada dovish which leads to Canadian Dollar weakness – NAFTA concerns starting to weigh on confidence

We have seen further weakness for the Canadian Dollar during trading today following on from the Bank of Canada Governor Poloz offering a fairly dovish view on the economy in a speech last night. The NAFTA agreement or more importantly the uncertainty behind it is starting to weigh heavily on business confidence in Canada, along […]

Bank of Canada members to set the scene for the Canadian Dollar as the day nears a close

Following on from a fairly flat day for Canadian Dollar exchange rates we have a few points of note for you to keep an eye out for if you have Canadian Dollars to exchange in the near future. Two members of the Bank of Canada are speaking today, Governor Poloz is speaking shortly and later […]

Canadian GDP (Growth) figures key for how we see CAD end the week

It has not been a great week for the Canadian Dollar against most majors, seeing a slight dip in value over the course of the week. The Canadian Dollar was actually the worst performing of all the major currencies on Tuesday and it does appear that investors have slight concerns on how growth figures (released […]

Economic data that may impact Canadian Dollar exchange rates for the end of the week

The recent drop in oil prices has led to weakness for the Canadian Dollar, we have seen oil prices fall in value by $5 per barrel over the past month which is starting to weigh down on the value of the Canadian Dollar. Canada’s economy does have oil as one of its key exports so […]

Canadian Dollar suffers despite rate hike (Daniel Johnson)

NAFTA is a cause for concern for CAD The Bank of Canada (BOC) decided raise rates last week after positive economic data, particularly unemployment, which plunged to the lowest levels in forty years. Common belief would be to assume a rate hike means a stronger currency, this is not always the case. The market moves […]

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 then  […]

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 […]