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Currency News - CAD

Canadian Dollar Falters as Inflation and Retail Sales Fall Short

Written by Alastair Archbold on Monday, July 22, 2019. Currency News - Sterling / CAD

Last week’s high: C$1.6413 Last week’s low: C$1.6167 Retail Sales Slump Dents CAD Exchange Rates A surprise contraction in Canadian retail sales defied forecasts of a modest acceleration on the month and saw CAD exchange rates falter ahead of the weekend. This latest sign of weakening confidence within the Canadian economy left the Canadian Dollar…(read more)

GBP/CAD Touches Multi-Year Lows as CAD Rally Continues

Written by Alastair Archbold on Monday, July 15, 2019. Currency News - Sterling / CAD

Last week’s high: C$1.6415 Last week’s low: C$1.6323 Canadian Dollar Continues to Climb Despite Bank of Canada Comments The GBP/CAD exchange rate spent much of last week trading at some of its worst levels since 2017. The Pound did derive a bit of support from the Bank of England’s (BoE) latest financial stability report, in…(read more)

Worst Levels Since 2017 for Tumbling Pound to Canadian Dollar Exchange Rate

Written by Alastair Archbold on Monday, July 8, 2019. Currency News - Sterling / CAD

Last week’s high: C$1.6662 Last week’s low: C$1.6391 Canadian Dollar Rally Persists on Bank of Canada Expectations Last week was another bullish one for the Canadian Dollar, which has seen weeks of consecutive gains versus a broadly weak Pound and has remained one of the most appealing major currencies. Various factors are keeping the Canadian…(read more)

GBP/CAD Exchange Rate Flat despite Better than Expected Canadian GDP

Written by Alastair Archbold on Monday, July 1, 2019. Currency News - Sterling / CAD

Last week’s high: CA$1.6838 Last week’s low:  CA$1.6589 Canadian Dollar Muted despite Growth Improvement At the start of the week the Pound Canadian Dollar (GBP/CAD) exchange rate fell as no-deal Brexit fears continued to weigh on GBP. On Tuesday, Canadian wholesale sales jumped to a higher-than-forecast 1.7% in April, with sales up in five out…(read more)

GBP/CAD Exchange Rate Loses Ground after Oil Prices Surge

Written by Alastair Archbold on Monday, June 24, 2019. Currency News - Sterling / CAD

Last week’s high: C$1.6928 Last week’s low: C$1.6681 Rising Canadian Inflation Boosts CAD A stronger-than-expected uptick in May’s Canadian Consumer Price Index offered a boost to CAD exchange rates on Wednesday. With the headline inflation rate comfortably exceeding the Bank of Canada’s (BoC) 2% target, clocking in at 2.4%, the chances of another imminent interest…(read more)

Tensions Keep Oil Prices Bubbling, GBP/CAD Falls Further

Written by Alastair Archbold on Monday, June 17, 2019. Currency News - Sterling / CAD

Last week’s high: C$1.6957 Last week’s low: C$1.6799   Canadian Dollar’s Strong Streak Continues Thanks to Surge in Oil Prices While likely temporary, a surge in oil prices kept the Canadian Dollar climbing against the Pound last week. The Canadian Dollar became more appealing after two oil tankers were allegedly attacked in the Gulf of…(read more)

Impressive Canadian Jobs Data Keeps GBP/CAD near Session Lows

Written by Alastair Archbold on Monday, June 10, 2019. Currency News - Sterling / CAD

Last week’s high: C$1.7131 Last week’s low: C$1.6932 GBP/CAD Sees another Week of Losses despite Sterling’s Attempt to Rebound The Pound put in a stronger performance last week against major currency rivals like the Euro and US Dollar as investors were hesitant to keep selling GBP after its weakness in May. However, Sterling wasn’t able…(read more)

GBP/CAD Falls as Brexit Uncertainty Renews Ahead of June Vote

Written by Alastair Archbold on Monday, May 20, 2019. Currency News - Sterling / CAD

Last week’s high: $1.75123 Last week’s low: $1.71710   Canadian Dollar Remained Sensitive to US-China Trade Developments The Pound (GBP) began the week subdued on a lack of any signs of a compromise emerging from cross-party talks, and with a lack of economic data, Sterling’s potential for gains remained muted. Renewed US-China trade tensions, meanwhile,…(read more)

Revived Brexit Fears Cause GBP/CAD Losses despite Market Risk-Aversion

Written by Alastair Archbold on Monday, May 13, 2019. Currency News - Sterling / CAD

Last week’s high: C$1.7723 Last week’s low: C$1.7492   Bumper Canadian Jobs Report Helps Boost ‘Loonie’ amid US-China Trade Jitters Last week, investors sold the Pound as hopes of a Brexit solution faded and were replaced with fresh UK political uncertainty. As EU elections approach later this month and the ruling Conservative Party is expected…(read more)

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