GBP to CAD woes continue Could this month see the pair reach a 2 year low?

GBPCAD hits fresh over 1.80 highs!

GBPCAD exchange rates have risen to over 1.81 as mounting concerns over the pace of future Canadian interest rate rises were dealt a fresh blow yesterday. In recent weeks concerns of Trump's rhetoric on trade had seen the Loonie dollar lose ground. Yesterday Stephez Poloz, Governor of the Bank of Canada gave a speech in which he hinted at a slower pace of future interest rate rises. The Canadian dollar has in the last year been stronger against all currencies as the BoC embarked ona ...

Canadian dollar boosted – Canada dodges Trump’s metal tariff

The Canadian Dollar has gained in value over the past few days against most major currency pairs, after some positive news for both Canada and Mexico has been announced regarding the impending US metals tariffs. US President, Donald Trump recently threatened to impose tariffs on metals imported into the US from all countries. His plans consist of a 25% tariff on steel imports and a 10% tariff on aluminium imports which would be very bad news for Canada which is why the currency lost value...
Trade Deficit Falls, but does not match expectations

Bank of Canada members to set the scene for the Canadian Dollar as the...

Following on from a fairly flat day for Canadian Dollar exchange rates we have a few points of note for you to keep an eye out for if you have Canadian Dollars to exchange in the near future. Two members of the Bank of Canada are speaking today, Governor Poloz is speaking shortly and later on in the trading day we also have BOC Deputy Lane speaking later in the afternoon. Poloz is not expected to raise any large movements, as he speaks at the unveiling of...
GBPEUR rate remains steady as markets await the Autumn Budget

Will Trade War’s threaten the Loonie dollar?

GBPCAD rates soared yesterday on Canadian dollar weakness as rhetoric over Trump's proposed import tariffs increased. The initial fears subsided but the rate did rise over 1.80 yesterday as markets were concerned over the potential for the tariffs or any Trade War to threaten the Canadian economy. As a key trade partner for of the United States, Canada would be front of the queue to suffer negative consequences from any Trade War. If you have a transfer buying or selling the pound or Canadian dollar...
Pound to Canadian Dollar exchange rate forecast Will GBPCAD rates fall further?

Could the Pound hit 1.80 against the Canadian Dollar? (Tom Holian)

The Pound has continued to remain strong against the Canadian Dollar recently as the NAFTA deal is still causing uncertainty between the US and Canada. This has been going on for months and although there were some positive comments earlier this month it is still far from getting resolved. Indeed, the Canadian Dollar is now close to a three year low against the US Dollar and we are getting close to pre-referendum rates for GBPCAD exchange rates. The problem with NAFTA is that Canada exports...
GBP to CAD woes continue Could this month see the pair reach a 2 year low?

20 month high to buy Canadian dollars with pounds!

The Canadian dollar has weakened which is presenting some of the best rates to buy the Loonie dollar with pounds since before the Referendum vote back in 2016. Sterling has risen on the back of increased positive sentiments relating to the Brexit which has seen the pound boosted against all currencies across the board. There have been some very important meetings on Brexit taking place between the Government in the UK where a position on Brexit has been formulated and might well be outlined to...
GBPEUR rate remains steady as markets await the Autumn Budget

Economic data that may impact Canadian Dollar exchange rates for the end of the...

The recent drop in oil prices has led to weakness for the Canadian Dollar, we have seen oil prices fall in value by $5 per barrel over the past month which is starting to weigh down on the value of the Canadian Dollar. Canada's economy does have oil as one of its key exports so any negative move on oil prices can impact both the Canadian economy and lead to weakness for the Canadian Dollar too. This afternoon at 13:30pm GMT we have the release of...
Pound to Canadian dollar drops to a 3-month low as cross-party Brexit talks break down

Canadian Exchange Rates ahead of Canadian Retail Sales

The Canadian dollar has come under considerable pressure of late which has presented those clients looking to buy Canadian dollars with some much better opportunities to purchase. Canadian dollar exchange rates have fallen largely as a result of the breakdown in the North American Free Trade Agreement (NAFTA) which is creating additional uncertainty for the Canadian economy. US President Donald Trump has Rates of exchange for GBP CAD are at the highest levels seen since last May with levels sitting above 1.75 for this...
Pound to Canadian dollar predictions: What to expect this month

Canadian Dollar gains back ground as stock market volatility cools – Inflation next week...

Canadian Dollar exchange rates have gained ground a little over the past few trading days as U.S stock market volatility has cooled a little over the course of the week. We did see another drop during the opening bell in trading yesterday, however there was a fight back and the losses were made up by the end of the trading day. With the USD being so volatile at present it is fairly hard to predict just where CAD exchange rates will head next, as there are...
Pound to Canadian dollar forecast Canadian Unemployment Rate Falls

Will GBPCAD rise above 1.80 or sink below 1.70?

GBPCAD rates have improved to some of the best levels since the Referendum as the pound is looking more confident going into the Brexit negotiations. Overall expectations for the pound are much improved as investors eye a softer Brexit which should retain access to the Single Market or the Customs Union. Whilst the Canadian dollar may well strengthen owing to some fundamental reasons which drive its performance, sterling looks to have the upper hand for now. Oil prices and the prospect of further interest rate...