Category Archives: Sell CAD

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 […]

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 […]

Canadian Gross Domestic Product Next Week Could Boost CAD (Ben Fletcher)

The GBP/CAD  rate has been on a steady decline over the last 20 days seeing the the rate dropping from 1.66 to 1.60. The steady decline in my opinion can be attributed to CAD strength as much as Sterling weakness. The Bank of Canada recently raised interest rates from 0.5% to 0.75% and their is […]

Canadian Dollar Gains on Positive Canadian Outlook

The Canadian dollar continues to be supported on positive economic data with rates for CAD GBP sitting close to an eight month high. A recent rally in the price of oil as a result of a production cut by the Organisation of Petroleum Exporting Countries (OPEC) combined with stronger inflation numbers are all helping drive […]

GBP CAD Rates Ahead Of Brexit Announcements

GBP CAD exchange rates could be in for a volatile ride with British politics and Brexit developments causing a storm. Position papers from the British government are expected later today and there are already murmurs of a transitional agreement with the EU which could potentially be seen as positive for the pound. It is worth […]

Pound hits 4 month low against the Canadian Dollar (Tom Holian)

The rate to buy Canadian Dollars with Pounds has hit its lowest level since early March as it continues to strengthen owing to the recent interest rate hike in Canada. The Bank of Canada raised the interest rate from 0.5% to 0.75% and with oil prices going in an upwards direction as the Canadian economy […]

Canadian Dollar Supported after Bank of Canada Interest Rate Hike (James Lovick)

The Canadian dollar continues to find support after the Bank of Canada raised interest rates from 0.5% to 0.75% following in the US’s footsteps in tightening monetary policy. The shift in policy for the first time in seven years should see further gains for the Canadian dollar especially if the central bank points to further […]

Bank of Canada Boost Canadian Dollar, But Oil Raises Concerns (Ben Fletcher)

The Bank of Canada raising interest rates yesterday helped the GBP/CAD rate fall to a 3 month low. However there are some concerns that may suggest the decision might be premature. The central bank have acted before the inflation level in Canada reaches the targeted 2% and with a interest rate hike there may be […]