Trade Deficit Falls, but does not match expectations

Quiet day on the markets sees rates hold relatively stable

No real data releases of note for the UK, Canada, or the US saw rates hold relatively stable for GBP-CAD and CAD against other major currencies. The Canadian Dollar found enough strength to pull GBP-CAD rates back below 1.90 once more, as the rates seem to oscillate above and below until one of the currencies finds enough momentum to break away from this area of resistance. Tomorrow the release of UK data will likely produce enough material to cause movement one way or the other....

Overnight comments by Obama reverses gains for CAD

The rumour mill  was in full swing yesterday, as Bloomberg printed an article quoting an 'un-named French official' following his meeting with US President Barack Obama. He revealed Obama's concern that the Strong US-Dollar would prove to be 'a problem' for the US economy. The US timeline for raising interest rates is so firmly at the front of investors minds, that even though the quote could not be confirmed, the fear alone moved the markets significantly. What does this have to do with the CAD? The...
Pound to Canadian Dollar forecast Best time to sell Canadian Dollars for Pounds since October 2017

Has the Canadian Dollar ‘bottomed out’ against other Currencies? What to expect…

We are still close to a 6 year high against the Canadian Dollar. In January the rates above 1.93 were an anomaly from market fears concerning rapidly falling oil prices and the dire situation for Canadian unemployment. At the start of May rates had fallen due to an expected hung parliament in the UK; these fears were proved to be grossly exaggerated. We are now in a period of recovery for GBP-CAD rates, but can they advance any further? The long term view seems to...