Tag Archives: best rates of exchange

Why has the Canadian Dollar lost value today, and where to next for CAD exchange rates? (Joseph Wright)

The Loonie has lost value during today’s trading session, falling against the US Dollar even if only slightly. At present the CAD to USD exchange rate is trading around its lowest point so far this year, and at the time of writing there doesn’t appear to be much support at 0.77 cents. There is a […]

Canadian Dollar slips as Trump makes new NAFTA surprise!

The Canadian Dollar has lost value today after a surprise comment from the US’ White House chief economic adviser. Larry Kudlow is chief economic adviser to the White House so he has a close relationship with US President Donald Trump. Today Kudlow confirmed that Trump wishes to negotiate separate bilateral deals with Mexico and Canada. […]

Canadian Dollar strengthen as oil edges higher, where to next for CAD exchange rates?

The Canadian Dollar has strengthened throughout today’s trading session against most major currency pairs. The reasons for its gains can be put down to positive economic data along with strengthening commodity prices, which is important for the Canadian economy. Oil is one of the major exports for Canada, so seeing the price of oil increase […]

Bank of Canada leave interest rates on hold

This afternoon the Bank of Canada left their interest rate on hold at 1.25%. At the press conference Governor Stephen Poloz seemed to be fairly upbeat as he confirmed interest rates could be hiked in the upcoming months as he expects a boost from increased foreign trade and higher wages in the upcoming months. However […]

Loonie strengthens due to NAFTA negotiations

Yesterday morning the Canadian dollar made substantial gains against the US dollar as reports were released that the White House want to put forward a preliminary NAFTA framework on the 13th April at the Peru summit. Any news that President Donald Trump will not be scrapping the NAFTA agreement is good news for clients selling […]

Where next for GBPCAD exchange rates?

Throughout yesterday afternoon the Canadian dollar received a well needed boost off the back of reduced trade war tensions. The Wall street stock market rallied following reports that the US and China are prepared to sit down and discuss trade and potentially renegotiate certain tariffs which benefit both parties. Central banks tend to hold of […]

Will fears surrounding the Canadian Dollar cause it to drop further? (Joseph Wright)

Those of our readers following the Canadian Dollars value will be aware of the potential downsides to the currency’s value should there be amendments to the NAFTA agreement. Seventy percent of the countries trade is with the US so if US President, Donald Trump does force through amendments to the current North American Free Trade […]

Canadian dollar boosted as Canada dodges Trump’s metal tariff (Joseph Wright)

The Canadian Dollar has gained in value over the past few days against most major currency pairs, after some positive news for both Canada and Mexico has been announced regarding the impending US metals tariffs. US President, Donald Trump recently threatened to impose tariffs on metals imported into the US from all countries. His plans […]

NAFTA Uncertainty causes CAD weakness (Daniel Johnson)

NAFTA wieighs heavily on CAD CAD has struggled against the Pound of late. The uncertainty surrounding the renegotiation of the North American Free Trade Agreement (NAFTA) has weighed down the looney. If there is one thing the currency market does not react well to it is uncertainty. The deal in place with Canada, Mexico and […]

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 […]