Tag Archives: save money

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 North 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. […]

US interest rate strengthens the Canadian dollar

Overnight the US Federal Reserve as widely expected raised interest rates which provided strength for the Canadian dollar as investors feel that a higher interest rate in the US will help the Canadian economy. The Federal Reserve interest rates is now one of the highest out of the G10 currencies and the press conference after […]

The impact of a US interest rate hike on the Canadian Dollar (Tom Holian)

In just a few hours time the US Federal Reserve are likely to be increasing interest rates for the third and final time this year. This will be Janet Yellen’s final monetary policy conference before she leaves in February and it would be a major surprise if no rate hike occurs. The Bank of Canada […]

GBPCAD exchange rates forecast

At present GBPCAD exchange rates are being dictated by events in the UK. The spotlight is certainly shining on UK Prime Minister Theresa May as reports were leaked 5 days ago suggesting 40 Conservative MPs plan to  sign a vote of no confidence in the Prime Minister. For this to materialise there will need to be […]

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 […]