Canadian dollar rallies

Canadian dollar rallies after BoC statement Yesterday the Bank of Canada (BoC) kept its interest rates on hold, meaning the benchmark has now stayed at 1% since September 2010. This is the longest period rates have been on hold for over 60 years. However, despite this news the Canadian dollar rallied against a basket of major … Read more Canadian dollar rallies

Growth in the UK gloomier

It looks like a busy week for the GBP/CAD exchange rates with some very important data out from both sides of the cross. In today’s report we will look at what will move the exchange rates, where they are heading and how global growth is effecting the Pound. UK economic growth changes course After the pound … Read more Growth in the UK gloomier