GBP CAD Rates Boosted on Brexit Hopes

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...
GBP/CAD Rates Fall after Disappointing Outcome at EU Summit for British PM

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 that a final vote on the terms of Brexit will be offered to Parliament. This is likely to become a sticking point which could see the Brexit timetable delayed. A...
Pound to Canadian Dollar rates as Brexit Political Declaration Negotiated

CAD Weakness on Falling Oil Price

The Canadian dollar fell against the US dollar yesterday on the back of falling oil prices which slipped on yesterday’s markets. Oil is one of Canada’s biggest exports so any drop in the price usually has a direct negative impact on the Canadian dollar. Canadian Gross Domestic Product (GDP) numbers are released tomorrow and are likely to be scrutinised by the Bank of Canada which has been forced to take a more dovish stance of late. A strong figure would be welcome news for the...
Canadian Dollar movements still hinged on NAFTA progress and Brexit

Global trade wars continue to impact the commodity-based CAD

The CAD was under some pressure yesterday, as concerns over a global trade war continue to grow. Investors have been shying away from the commodity-based currencies such as the CAD, with the Canadian economy heavily reliant on a thriving global market. President Trump’s traded tariffs on China and the EU seem to have started a trade war, which has now resulted in US motorcycle manufacturer Harley Davidson announcing that it will move the production of its motorcycles outside of the US. This is due to the...
GBP CAD Rates Boosted on Brexit Hopes

Pound hits lowest point against the Canadian Dollar since January

The Pound has been heading in a downwards direction vs the Canadian Dollar over the last few days as the price of Crude Oil has been rising recently hitting as high as USD $75 per barrel. During the last week the price of a barrel has risen by $3 and as the commodity is the biggest export for the country this has really provided the Canadian Dollar with a big boost against a number of different currencies including vs the Pound. Tomorrow we could be in...
Should I buy Canadian dollars now?

Can the Canadian dollar hold onto its recent NAFTA gains?

The Canadian dollar has strengthened quite considerably over the past few weeks, both on hopes of the NAFTA deal being agreed and then subsequently on the news of the new arrangement. NAFTA stands for the North American Free Trade Agreement, and it had been in place since 1996, although the current US President Donald Trump had stated his wish to amend the agreement on numerous occasions. The new agreement is now in place between the US, Canada and Mexico and it will now be known...
GBP/CAD Forecast: Pound to Canadian rates volatile on Oil and Brexit

Canadian Exchange Rates Ahead of Bank of Canada Statement

GBP CAD exchange rates have fallen dramatically following the Bank of England interest rate decision to raise interest rates yesterday and have failed to bounce back today. Anyone looking to sell Canadian dollars for pounds have been presented with an excellent opportunity which came as a surprise to the markets. The fact that interest rates are now not likely to be rising again anytime soon should keep pressure on GBP CAD especially considering the ongoing Brexit negotiations where progress is slow. The Canadian dollar had...
Pound unsteady against the Canadian Dollar as Brexit vote just a week away

Will 1.72 act as a resistance for GBP/CAD rate once again?

The Pound is having a upward push this week against a raft of major currency pairs, owing to positive sentiment surrounding the Brexit once again. Yesterday we saw the GBP/CAD rate break into the 1.72's and this morning the pair is once again trading in the 1.72's after falling as low as 1.7176 in the early hours of trading. Those of our readers watching the Pound to Canadian Dollar rate will be aware that the pair have struggled to break north of 1.72 previously, with...
Will Theresa May's Brexit proposals this evening offer GBP/CAD direction?

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...
Pound unsteady against the Canadian Dollar as Brexit vote just a week away

CAD Forecast – Positive Employment Data Helps to Boost CAD’s Value (Matthew Vassallo)

The CAD has found plenty of support against Sterling over the past week, hitting 1.7946 at today’s high. This move back below 1.80 has brought some much needed respite to those clients with upcoming CAD currency positions to execute, having seen the Loonie marooned above this threshold over recent months. This improvement has come in line with a positive run of economic data, which including March’s employment figures. These confirmed that 32,000 jobs had been added to the Canadian economy last month, keeping the current unemployment...