Tag Archives: Canadian Dollar

Will the Canadain dollar continue to fall?

In recent months the Candadian dollar has been under severe pressure due to the ongoing NAFTA negotiations and in recent weeks the fall in global stock markets. A fall in global stock markets has meant that the price of oil has also fallen which has put pressure on the Canadian dollar as oil is Canada’s […]

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 […]

Canadian Dollar remains vulnerable due to NAFTA talks (Daniel Johnson)

Trumps demands are unrealistic in regards to NAFTA The Canadian Dollar lost ground against the majority of major currencies recently following poor retail sales and inflation data. There is also the matter of the renegotiation of the North American Free Trade Agreement (NAFTA). Donald Trump feels that the current agreement is not beneficial enough for […]

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 […]

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 […]

What can we expect next for GBPCAD exchange rates?

GBPCAD exchange rates have risen back to some of the best rates to buy CAD with the pound since before the Referendum. Overall expectations are for the pound to continue to rise should the EU deal be concluded which could happen as early as today. If you are looking to buy the Canadian dollar with […]

GBP CAD Before EU Summit

The pound has gradually climbed higher against the Canadian dollar with rates close to the recent highs seen in November of this year. GBP CAD is having a better run after positive developments in the Brexit negotiations. GBP CAD is now trading at 1.7180 but is struggling to find the momentum for the next push […]

OPEC to influence Canadaian dollar exchange rates for the foreseeable future

Thursday in Vienna, the Organisation of Petroleum Exporting Countries also known as OPEC are set to discuss the oil cut production which expires in March. Last December the leading nations that make up OPEC agreed to cut oil production in a bid to raise the price of oil. Oil prices plummeted from $120 per barrel […]

Canadian Dollar Future Still Uncertain over NAFTA

The Canadian dollar remains under pressure following a rocky ride talks in the NAFTA talks. The Canadian dollar has a lot to lose if talks break down and the agreement comes to an end. There have been a number of contentious issues not least the sunset clause which has been called for by the US […]

GBP CAD Breaks Over 1.69 over NAFTA Uncertainty

The Canadian dollar has weakened this week with levels for GBP CAD breaking back over 1.69 for this pair. There is currently a good opportunity to buy Canadian dollars with pounds which may not be around for too much longer. The spike has come about after concerns over the renegotiation of the North Atlantic Free […]