Tag Archives: save money

US Interest Rate Decision, EU Withdrawal Bill and Canada awarded the World Cup for 2026

The good news to come out of Canada this afternoon is that they alongside the US and Mexico have been awarded the World Cup in 2026 after the vote was announced in Moscow earlier today. This is great news for the country and football fans alike but with Donald Trump saying that there needs to […]

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 […]

NAFTA discussions cause problems for the Canadian Dollar vs the Pound (Tom Holian)

Although Sterling has been struggling during the last fortnight against a number of currencies owing to the political uncertainty caused by the ongoing saga of the Brexit the Pound has remained very strong vs the Canadian Dollar. The Canadian economy is heavily influenced by what happens with their relationship south of the border and although […]

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 […]

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 […]

Will the Pound continue to climb vs the Canadian Dollar, and what factors could impact it? (Joseph Wright)

The Pound has been climbing against all major currency pairs recently, after sentiment has improved surrounding the UK economy quite dramatically in recent weeks. It seemed to get a shot in arm a few weeks back when both Spain and the Netherlands announced that they want post-Brexit conditions to remain conducive to business continuing as […]

GBPCAD close to reaching 12 month high!

In recent weeks the GBPCAD exchange rates have continued to climb proving opportunity for Canadian dollar buyers, however I expect exchange rates could get better in the weeks to come. NAFTA negotiations began on Tuesday in Montreal and the initial reaction is that the negotiations have actually started well which is a surprise. However the […]

NAFTA negotiations to take centre stage

On the 23rd January, the NAFTA negotiations will resume which could be problematic for Canada and consequently have a negative impact on Canadian dollar exchange rates. NAFTA, which is the┬áNorth American Free Trade agreement, is an agreement between the US, Canada and Mexico and it allows all three countries to trade with one another for […]

Important Canadian Data due out this afternoon to impact GBPCAD exchange rates (Tom Holian)

The Pound has dropped below 1.70 to buy Canadian Dollars after a poor start to the year for the Pound. Sterling exchange rates across the board have been under pressure and this has been particularly evident against the Canadian Dollar which has strengthened over the last few weeks owing to the rise in oil prices. […]