Tag Archives: sell Canadian Dollars

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 […]

The Trump Effect on the Canadian Dollar vs Sterling (Tom Holian)

US president Donald Trump looks set to introduce a new tax of 10% on Canadian goods coming into the US which has caused problems for exporters north of the border as well as the Canadian Dollar vs Sterling. Many businesses are even now considering moving their premises into the US in order to remove themselves […]