Category Archives: Buy Cad

Will the Pound strengthen against the Canadian Dollar next week? (Tom Holian)

The Pound has hit its best level to buy Canadian Dollars since the start of August after the Bank of England announced that they may be looking at increasing interest rates sooner than the market currently expects. The previous expectation was that the next interest rate hike may come in 2019 but Thursday’s announcement has […]

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 […]

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 […]

Hurricane Irma causes the Canadian Dollar to weaken against the Pound (Tom Holian)

The Pound has made some significant gains vs the Canadian Dollar towards the end of this week. Earlier in the week the Pound fell against the Canadian Dollar after the Canadian central bank announced a surprise interest rate hike which saw the GBPCAD exchange rate hit its lowest level since January. The Canadian Dollar has […]

Busy day expected for the Pound to Canadian Dollar rate tomorrow, what data should we look out for? (Joseph Wright)

The Canadian Dollar has gained almost 5 cents against the Pound over the past week after the Bank of Canada unexpectedly opted to raise interest rates yesterday and late last week it emerged the economy is growing at a much higher pace than expected. This comes at a time the Pound is under pressure after […]

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 […]

Canadian Dollar Strength on Expectation of Rate Increase

The Canadian dollar is strengthening at present after a recent wave of Canadian economic data has impressed the markets. The Canadian economy appears to be performing very well and there is a strong chance that there may be an interest rate increase at the next meeting. The markets are beginning to price in the prospect […]

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 […]

What can we expect next for the GBPCAD exchange rate?

The GBPCAD rate has recently risen presenting some excellent short term opportunities to buy the CAD. This has occurred completely against the grain of expectation as the sinking pound does appear to be on course for further losses. All in all I would not be gambling on GBPCAD rising much higher but the recent switch […]

GBP CAD Exchange Rates Break 1.63

The Canadian dollar is seeing heightened volatility this week as the impact of Hurricane Harvey is also seen on the Canadian dollar as well as US dollar. The price of oil has fallen after Hurricane Harvey hit the state of Texas and a number of oil refineries have been forced to close. Considering this was […]