Tag Archives: CAD forecast

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. […]

Stronger Canadian Dollar as oil price strengthens, will the strong run for oil help CAD recover recent losses?

The Loonie (Canadian Dollar) has begun the week in strong fashion after gaining on the US Dollar during today’s trading session. After a few very strong weeks for the Greenback (US Dollar) it’s currently heading for its 4th successive day of losses, with some believing that the bull run for the US Dollar is running […]

Canada weakens to a 1-month low vs the US Dollar, where to next for CAD exchange rates? (Joseph Wright)

The Canadian Dollar has been continuing to come under pressure recently, and when we compare the currency with the usual benchmark of the US Dollar, it’s hit a 1-month low during today’s trading session. The US dollar has been strengthening for reasons of its own but at the same time the Loonie (Canadian Dollar) has […]

CAD Forecast – Canadian GDP Figures Boost the CAD’S Value Further (Matthew Vassallo)

The CAD has found a new lease of life over recent weeks, with another positive move during Tuesday’s trading. CAD/GBP rates have spiked by around a cent and a half, following the release of today’s attest Gross Domestic Product (GDP) figure. Canada’s economy has grown by 0.4%, with the official figure coming in above the […]

Canadian bank due to keep interest rates on hold causing the Canadian Dollar to weaken

After having a good run the Canadian Dollar has started to fall against the Pound after an interest rate hike in Canada appears now to be less likely. Bank of Canada governor Stephen Poloz has suggested that any rate hike may not be coming in the near future. Canadian inflation is currently close to a […]

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 […]

CAD Forecast – Positive Employment Data Helps to Boost CAD’s Value (Matthew Vassallo)

The CAD has found plenty of support against Sterling over the past week, hitting 1.7946 at today’s high. This move back below 1.80 has brought some much needed respite to those clients with upcoming CAD currency positions to execute, having seen the Loonie marooned above this threshold over recent months. This improvement has come in […]

CAD Forecast – Global Trade Fears Putting Pressure on the CAD (Matthew Vassallo)

The CAD fell to a near two week low against the USD earlier this week, as growing fears over a global trade war continue to put pressure on all the commodity based currencies. Despite its losses against the greenback, it has found some support against Sterling. Some progress sin NAFTA talks helped to boost investor […]

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 […]