Category: CAD

Pound Exchange Rate Slumps  against Canadian and US Dollars (GBP/USD, GBP/CAD) as UK Retail Sales Disappoint
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Pound Exchange Rate Slumps against Canadian and US Dollars (GBP/USD, GBP/CAD) as UK Retail Sales Disappoint

The Pound exchange rate fell against the US Dollar (GBP/USD) and Canadian Dollar on Friday, after some uninspiring UK Retail Sales data. On the year, UK Retail sales slipped from 1.5% to 1.4%, despite forecasts to rise to somewhere in the region of 2.6%. Industry experts have suggested the fall is attributed to shoppers bringing...

CAD and NZD Exchange Rates Jump on Oil Surge and RBNZ Governor, UK Inflation Jumps to 3.1%
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CAD and NZD Exchange Rates Jump on Oil Surge and RBNZ Governor, UK Inflation Jumps to 3.1%

The Canadian Dollar exchange rate strengthened slightly against the US Dollar (CAD/USD) and Pound Sterling (CAD/GBP) on Tuesday after oil prices broke through US$65 – the highest level since mid-2015. The jump in black gold came after one of Britain’s key pipelines, the Forties pipeline, was discovered to have a crack. The crack expanded and...

Pound to Canadian Dollar (GBP/CAD) Exchange Rate Climbs Ahead of BoC Financial System Review and GDP
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Pound to Canadian Dollar (GBP/CAD) Exchange Rate Climbs Ahead of BoC Financial System Review and GDP

The Pound to Canadian Dollar (GBP/CAD) exchange rate was trending slightly higher in Tuesday’s European session after the Bank of England (BoE) released its latest Financial Stability Review. The Bank of Canada (BoC) will release its own Financial System Review later in North American trading, ahead of some influential figures this week including Gross Domestic...

Canadian Dollar (CAD) Exchange Rate Falls Flat After Hitting Nine-Day High (CAD/USD)
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Canadian Dollar (CAD) Exchange Rate Falls Flat After Hitting Nine-Day High (CAD/USD)

The Canadian Dollar was trending in a tight range against the US Dollar (CAD/USD) on Monday after the exchange rate reached a nine-day high on Friday following some positive ecostats. The Canadian economy printed stronger-than-expected jobs data on Friday which spurred a Loonie rally and encouraged speculation that the Bank of Canada (BoC) might be...

Canadian Dollar Falls as Bank of Canada (BoC) Holds Interest Rates at 1.0%
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Canadian Dollar Falls as Bank of Canada (BoC) Holds Interest Rates at 1.0%

The Canadian Dollar tumbled versus the US Dollar (CAD/USD) to reach a three-month low after a cautious Bank of Canada (BoC) quelled hopes of another interest rate rise in 2017. The US Dollar was able to reach levels of 1.2816 against the Loonie (USD/CAD). The central bank stated that the economy was performing at near...

GBP/NZD, GBP/CAD, GBP/EUR Climb Ahead of UK Inflation Data, GBP/AUD, GBP/USD in Tight Range
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GBP/NZD, GBP/CAD, GBP/EUR Climb Ahead of UK Inflation Data, GBP/AUD, GBP/USD in Tight Range

The Pound was trading higher against the Euro (GBP/EUR), Canadian Dollar (GBP/CAD), US Dollar (GBP/USD), and New Zealand Dollar (GBP/NZD) at the start of Tuesday’s European session, while trending in a tight range against the Australian Dollar (GBP/AUD). It’s expected the Pound Sterling exchange rate will experience some movement today as highly influential UK inflation...

Pound Sterling (GBP) DROPS as Michel Barnier Suggests UK and EU ‘Deadlocked’ on Money
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Pound Sterling (GBP) DROPS as Michel Barnier Suggests UK and EU ‘Deadlocked’ on Money

The Pound dropped suddenly against the Australian Dollar (GBP/AUD), US Dollar (GBP/USD), Euro (GBP/EUR), and Canadian Dollar (GBP/CAD) on Thursday as David Davis and Michel Barnier held a joint press conference on Brexit. Brexit Talks See Sterling (GBP) Exchange Rate Tumble Over -0.60% Michel Barnier has been the cause of other sudden Sterling drops in...