Tag Archives: best rates of exchange

CAD/USD and CAD/GBP continues to decline

Its been a slow week for the Canadian dollar vs the US dollar as US stock markets tumbles throughout Monday and early Tuesday morning. Economists are trying to put their finger on why the stock market crashed and many are suggesting the recent jobs data in the US coupled with the incoming new Chair of […]

Canadain dollar value set to fall

The Canadian dollar has lost ground today off the back of oil prices taking a tumble. Oil is Canada’s largest export and there is a direct correlation between oil and the price of the Canadian dollar. However its not oil prices that I would be concerned about if needed to convert Canadian dollars into a […]

GBPCAD close to reaching 12 month high!

In recent weeks the GBPCAD exchange rates have continued to climb proving opportunity for Canadian dollar buyers, however I expect exchange rates could get better in the weeks to come. NAFTA negotiations began on Tuesday in Montreal and the initial reaction is that the negotiations have actually started well which is a surprise. However the […]

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 […]

Why did the Canadian Dollar fall when interest rates were hiked? (Joseph Wright)

Yesterday the Bank of Canada chose to raise interest rates for the third time in the last year. The interest rate now sits at 1.25% and those that decide on making the decision to change interest rates have stated that this decision can be put down to increasing inflation levels, and an a strong Canadian […]

NAFTA negotiations to take centre stage

On the 23rd January, the NAFTA negotiations will resume which could be problematic for Canada and consequently have a negative impact on Canadian dollar exchange rates. NAFTA, which is the┬áNorth American Free Trade agreement, is an agreement between the US, Canada and Mexico and it allows all three countries to trade with one another for […]

US interest rate strengthens the Canadian dollar

Overnight the US Federal Reserve as widely expected raised interest rates which provided strength for the Canadian dollar as investors feel that a higher interest rate in the US will help the Canadian economy. The Federal Reserve interest rates is now one of the highest out of the G10 currencies and the press conference after […]

What can we expect from GBPCAD in the next week?

The pound has had a volatile few weeks against the Canadian dollar with rates ranging between 1.66 and 1.70 as investors take stock of the upcoming US interest rate hike and also developments in the UK political situation. Current market predictions centre on a stronger pound as Brexit negotiations gain some momentum and the worst […]

Canadian Dollar drops in line with oil weakness, will GBP/CAD continue to climb? (Joseph Wright)

The Pound to Canadian Dollar rate breached the 1.70 mark once again this morning, after previously hitting that level back on the first day on this month. Mid-market levels of 1.70 are the highest since June of last year, meaning that those converting their Pounds into Canadian Dollars are able to do so at some […]

Will uncertainty surrounding the UK government push the Pound lower? (Joseph Wright)

The Pound to Canadian Dollar rate, despite trading within quite a wide range over the past year is actually flat on an annualised basis, after the Pound has lost quite a lot of value in recent weeks due to mounting pressure on the UK’s Prime Minister. There are apparently dozens of Conservative MP’s that are […]