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Canadian Dollar Forecast

The Sterling to Canadian Dollar exchange rates have remained fairly flat today, trading with a point range around 1.67 mid market.

USD/CAD rates rose to around 1.34 and EUR/CAD rose over a point to around 1.43 mid market.

GBP/CAD exchange rate graph

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This week’s data moving rates

There was some minor data in the form of Manufacturing MPI from Canada today. This improved on last month’s figures and showed good growth but did little to move the exchange rates.

Tuesday we will have the first important news when Canada release the latest trade balance figures. These are forecast to show mild growth of 0.7B. Any deviation from this could have a large effect on the value of the Canadian Dollar.

There is building permits on Thursday but Friday will be the next day to watch out for as we have the latest Employment change and unemployment rate.

If you would like to find out how these releases may affect your currency purchase, request a free consultation today.

Canadian Dollar exchange rates

Using Foremost Currency Group could save you thousands on your currency purchase. We offer very competitive exchange rates and have various contracts to suit every requirement. Whether you are buying a property abroad, paying foreign suppliers or just topping up an overseas account, we can help save you money.

Opening a trading facility with Foremost Currency Group does not cost or obligate you in any way and only takes a few minutes online.

Alternatively, if you would just like a free quote on your currency purchase to find out how much you could save, request a free consultation today or contact us directly on the details below.

Richard Beaumont - Canadian Dollar ForecastWritten by:
Richard Beaumont
T: 01442 892 060

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