Tag Archives: sell Canadian Dollars

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 […]

When to buy Canadian dollars?

Since the second rate hike of the year by the Bank of Canada in September, the central bank have been given a cautious tone. However in recent weeks employment numbers have continued to climb which is helping the outlook for the next 12 months. J.P Morgan this week have urged there clients to buy Canadian […]

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’s rally […]

GBP CAD Rate Continue to Recover on Stronger Pound

The pound has made a good recovery against the buoyant Canadian dollar in the last week. GBP CAD exchange rates are now over 1.66 which is almost 8 cents higher than two weeks ago. Clients looking to buy Canadian dollars are currently seeing a good buy opportunity which would be worth considering before tomorrow’s key […]

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 […]

CAD weakness because of oil prices

The Canadian dollar has lost value against all of the major currencies this week due to the decline in oil prices. Oil has taken a hit following Hurricane Harvey as it is being reported that 20% of oil refineries have been shut down due to the flooding. Regular readers will be aware that oil prices and […]

Canadian Dollar Gains on Positive Canadian Outlook

The Canadian dollar continues to be supported on positive economic data with rates for CAD GBP sitting close to an eight month high. A recent rally in the price of oil as a result of a production cut by the Organisation of Petroleum Exporting Countries (OPEC) combined with stronger inflation numbers are all helping drive […]

Canadian Dollar Supported after Bank of Canada Interest Rate Hike (James Lovick)

The Canadian dollar continues to find support after the Bank of Canada raised interest rates from 0.5% to 0.75% following in the US’s footsteps in tightening monetary policy. The shift in policy for the first time in seven years should see further gains for the Canadian dollar especially if the central bank points to further […]

GBP CAD before Article 50 on Wednesday (James Lovick)

The pound has slipped against the Canadian dollar today after what has been a very good run in recent weeks having taken levels close to 1.69 for the pair and the highest so far this year. After 9 months of immense uncertainty with Brexit the UK Prime Minister Theresa May will invoke Article 50 tomorrow. […]

GBP CAD before UK Budget (James Lovick)

The pound has continued to gradually slide lower against the Canadian dollar as Brexit developments continue to drive exchange rates. Sterling exchange rates are likely to see considerable volatility both today and tomorrow. This evening will see a vote in the House of Lords over a proposed amendment to the Brexit bill that will seek […]