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Currency News - CAD

An eventful 24 hours for the Loonie

Written by Mr R Beaumont on Thursday, March 16, 2017. Currency Market Watch - Currency News - Foremost Currency News - Sterling / CAD

It has been an eventful day in the currency markets with various political and economical events changing the price you pay for your currency. GBP/CAD has risen this afternoon to highs of 1.6470, mid market. USD/CAD fell following comments from the Fed to lows around 1.3280. After the initial fall following news from the US,…(read more)

What has moved the exchange rates?

Written by Mr R Beaumont on Wednesday, March 8, 2017. Currency Market Watch - Currency News - Foremost Currency News - Sterling / CAD

Both Canadian Housing Stats and Building permits showed huge improvement today, beating forecasts by some margin. This was good news for the Canadian economy as it points to good construction figures. Crude Oil figures helped the Loonie further as the results showed an increase of 8.2m barrels during the past month. Given Canada is so…(read more)

Canadian Dollar Exchange Rate

Written by Mr R Beaumont on Tuesday, March 7, 2017. Currency Market Watch - Currency News - Foremost Currency News - Sterling / CAD

Written by: Richard Beaumont T: 01442 892 060 We have seen GBP/CAD exchange rates fall away throughout the day, from highs around 1.642 to recent lows of 1.633. Both USD/CAD and EUR/CAD remained fairly flat throughout the day’s trading, around 1.34 and 1.4180 respectively. Overall we have seen the Canadian dollar strengthen off the back…(read more)

GBP/CAD starts the week on the back foot

Written by Mr R Beaumont on Monday, March 6, 2017. Currency Market Watch - Currency News - Foremost Currency News - Sterling / CAD

The sterling to Canadian dollar exchange rates have started on the back foot this week falling from 1.6480 to 1.64, mid market. This was down to sterling weakness rather than CAD strength as USD/CAD and EUR/CAD have remained fairly flat throughout the day’s trading. Why have the GBP/CAD rates fallen? Once again, today’s movement were…(read more)

Canada keeps interest rates on hold

Written by Mr R Beaumont on Wednesday, March 1, 2017. Currency Market Watch - Currency News - Foremost Currency News - Sterling / CAD

There were no surprises in store today as the Bank of Canada left interest rates on hold at 0.5% for another month running. The BoC has kept its interest rates on hold now since July 2015. The bank, in its accompanying statement, said ”Overall, recent data on the global and Canadian economics have been consistent…(read more)

Sterling to Canadian Dollar Recovers

Written by Mr R Beaumont on Tuesday, February 28, 2017. Currency Market Watch - Currency News - Foremost Currency News - Sterling / CAD

Written by: Richard Beaumont T: 01442 892 060 Over the past twenty four hours we have seen the GBP/CAD exchange rate recover from around 1.62, to over 1.64 mid market. Despite fears over Brexit still weighing heavily on the pound, good UK GDP figures and a solid manufacturing and construction sector have helped sterling stabilise…(read more)

Strengthening pound pushes GBP/CAD rates up

Written by Mr R Beaumont on Wednesday, February 22, 2017. Currency Market Watch - Currency News - Foremost Currency News - Sterling / CAD

Written by: Richard Beaumont T: 01442 892 060 The pound has gained ground against the Loonie over the past twenty four hours. The UK inflation hearing was seen as positive and the BoE hinted they are happy to let inflation rise above their 2% target, but only so far before raising interest rates. GBP/CAD exchange…(read more)

Tuesday’s Canadian Dollar Forecast

Written by Mr R Beaumont on Tuesday, February 21, 2017. Currency Market Watch - Currency News - Foremost Currency News - Sterling / CAD

Written by: Richard Beaumont T: 01442 892 060 Despite the lack of data from Canada today, we have seen GBP/CAD exchange rates fluctuate between 1.63 and 1.64 throughout the day. With such a volatile market, it is more important than ever to stay in close contact with your Foremost Currency Group account manager. Let us…(read more)

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