Tag Archives: Canadian dollar exchange rates

Canadian Exchange Rates Ahead of Bank of Canada Statement

GBP CAD exchange rates have fallen dramatically following the Bank of England interest rate decision to raise interest rates yesterday and have failed to bounce back today. Anyone looking to sell Canadian dollars for pounds have been presented with an excellent opportunity which came as a surprise to the markets. The fact that interest rates […]

GBP CAD Rallies – Theresa May In Brussels Tonight

GBP CAD exchange rates have seen an excellent day with gains of around 1% for this pair with levels hitting a high today of 1.6686 creating some better opportunites for those clients looking ot buy Canadian dollars. British politics continue to be the main driver for GBP CAD and the planned dinner this evening between […]

GBP CAD Rallies on EU Discussion on Future Trade

GBP CAD exchange rates have seen a volatile week largely as a result of the ongoing Brexit developments which have had a direct and substantial impact on the price of sterling. The pound has made gains against the Canadian dollar after it was reported late yesterday that the European Union would now start discussions about […]

Sterling boosted on talk of a potential 2-year transition period, will GBP/CAD continue to climb? (Joseph Wright)

The Pound traded in quite a volatile fashion yesterday after a number of mixed messages were sent by key Brexit personnel. The end of the 5th round of Brexit negotiations lead the UK’s Brexit Secretary, David Davis to offer his views on how negotiations are going so far, and he was fairly upbeat. This was […]

GBP CAD Rallies on Theresa May Speech in House of Commons

GBP CAD has seen a good boost to start the week with gains of almost 1% for the pound against the Canadian dollar. Last week was on the whole negative for sterling exchange rates as the uncertainty over Brexit continues to be the single biggest driver for the UK and hence the pound. Today‚Äôs rally […]

Pound to Canadian Dollar rate holds firm above 1.65, what data could impact the pair this week? (Joseph Wright)

The Pound has had quite a positive day during today’s trading session, after some better than expected economic data was released this morning. After a disappointing day yesterday when it was revealed that the construction sector shrunk for the first time in a year, the mood changed this morning as the services sector data came […]

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 Ahead of Bank of Stephen Poloz Speech

The Canadian dollar should be in for an interesting week ahead of a major speech from the Bank of Canada. Bank of Canada Stephen Poloz will be speaking on Wednesday and will be eagerly anticipated considering the recent actions from the central bank. The Bank of Canada has raised interest rates twice this year in […]

Canadian Dollar Strength!

The Canadian dollar continues to maintain the higher ground against most of the major currencies as recent developments drive the Canadian dollar higher. After the surprise interest rate hike from the Bank of Canada this month the dollar has received yet another boost. The Canadian economy has certainly proved itself to be particularly strong which […]

Busy day expected for the Pound to Canadian Dollar rate tomorrow, what data should we look out for? (Joseph Wright)

The Canadian Dollar has gained almost 5 cents against the Pound over the past week after the Bank of Canada unexpectedly opted to raise interest rates yesterday and late last week it emerged the economy is growing at a much higher pace than expected. This comes at a time the Pound is under pressure after […]