Tag Archives: CAD

CAD rallies against the US dollar

Over the last 48 hours the Canadian dollar has been performing well against the US dollar as oil prices have rallied. Oil is Canada’s largest export and the trend is for the Canadian dollar to perform well when oil prices are on the way up. The price of US crude oil has reached $58 a […]

Could the Pound make further gains vs the Canadian Dollar? (Tom Holian)

Sterling vs the Canadian Dollar has had a strong period towards the end of the week with UK economic data all coming out a lot better than expected which has helped to see the Pound make gains vs the Canadian Dollar. We began Friday morning with stronger than expected UK Industrial & Manufacturing data which […]

When to buy Canadian dollars?

Since the second rate hike of the year by the Bank of Canada in September, the central bank have been given a cautious tone. However in recent weeks employment numbers have continued to climb which is helping the outlook for the next 12 months. J.P Morgan this week have urged there clients to buy Canadian […]

How will GBPCAD perform for the rest of the month?

The pound to Canadian dollar has been slipping from the highs of almost 1.68 to more comfortable levels in the 1.64-1.65 range. Most clients looking to buy Canadian dollars are now faced with two key events to try and determine the future direction on the pairing, namely the likelihood of an interest rate hike by […]

No further hikes for the Bank of Canada

This week Governor of the Bank of Canada Stephen Poloz surprisingly announced that interest rates wouldn’t raised again anytime soon and in fact interest rates could go either way due to fears that household debt is rising to fast. Within the same speech the governor outlined certain factors that are likely to influence interest rate […]

Canadian Dollar continue to rise with increased business confidence (Joshua Privett)

The Canadian Dollar has strengthened heavily recently, reach 1 year highs against a floundering US Dollar and over a 4 month high against the Pound. The trend also seems set to continue, so Canadian Dollar buyers may be wise to look at getting their skates on. The view is that the Canadian economy is gathering […]

Sterling to Canadian Dollar exchange rates soften once more (Joshua Privett)

For anyone interested in the Canadian Dollar and holding Sterling, the battle to be the first to raise interest rates is on, with Sterling to Canadian Dollar rates softening as we head into the next Canadian interest rate decision in a couple of days. On July 12th the Bank of Canada will release their latest┬ádecision […]

Canadian Dollar forecast (Joshua Privett)

The Canadian Dollar has been rising against its currency counterparts recently following some impressively positive comments from the Bank of Canada. In some off the cuff comments with a German newspaper, Governor Stephen Poloz stated that he is much more forward looking when considering future monetary policy for Canada. This speaks a lot to markets […]

Volatile Week for Canadian Dollar as Oil Price Crashes (Ben Fletcher)

The cost of a barrel of oil hit a 7 month low this week causing the GBP/CAD rate to finish the week a percent higher than the middle of the week. Sterling has suffered earlier in the week as Bank of England Governor Mark Carney dampened hopes of an interest rate hike in the near […]

Pound to Canadian Dollar rates and the Queen’s speech (Joshua Privett)

Buying Canadian Dollar rates of exchange using the Pound have taken a hammering as of late due to positive news emerging from Canada, contrasting the prolonged and uncertain atmosphere in the UK. But after a week and a half of delays in announcing the new Government and its plans, this may be about to change. […]