Canadian Dollar rates

Written by: Richard Beaumont T: 01442 892 060 Canadian Dollar cheaper to buy Despite only some minor data out yesterday, the GBP/CAD exchange rates continued on a volatile path, with trading up around a point and a half from yesterday morning. Despite some much better than expected housing starts numbers from Canada, the much worse than … Read more Canadian Dollar rates

Wholesale Sales bring down CAD

21st April 2015 Oil prices lifting the Loonie This morning the Canadian Dollar started to gain against a host of major currencies including the USD, GBP and EUR before dropping back this afternoon. In todays report let’s look at what is causing the exchange rates to move and how to get the best exchange rates. The … Read more Wholesale Sales bring down CAD

Deflation and other factors affecting exchange rates

Deflation in the Eurozone The latest figures from the Eurozone show inflation has turned negative, with December prices down 0.2% compared to the same time last year. This adds to the case for an expanded stimulus package for Europe, something Germany – the largest economy in Europe – is reportedly against. The main driver behind … Read more Deflation and other factors affecting exchange rates

Canadian Dollar weakens as Crude oil reaches 14 month low

Crude Oil prices weaken the Canadian Dollar The Canadian Dollar weakened against its counterparts yesterday after the price of crude oil dropped almost $2 a barrel to the lowest levels in almost 14 months. Since the Canadian economy is very much commodities driven (oil being that commodity) this had a negative effect on the Canadian Dollar. The reason the price of crude … Read more Canadian Dollar weakens as Crude oil reaches 14 month low