Canadian Trade Balance Weakens the Loonie

Written by: Richard Beaumont T: 01442 892 060 Canadian dollar exchange rates The Canadian dollar has had a poor start to the week so far, dropping against both sterling and the US dollar. Over the course of the last 24 hours we have seen USD/CAD move from lows of just above 1.30 to highs of … Read more Canadian Trade Balance Weakens the Loonie

Canadian Dollar outlook

Canadian Dollar outlook After the long weekend the GBP/CAD exchange rates have been fairly subdued so far this week. Mid market prices have only fluctuated between a small range from around 1.8850 to lows of just above 1.87. To put this into real terms, a typical property purchase of $200,000 would cost you around £1000 … Read more Canadian Dollar outlook

Effects of the Budget Statement

Written by: Richard Beaumont T: 01442 892 060 GBP/CAD Forecast Overview After a brief movement back up into the 1.90’s at the end of last week, the GBP/CAD exchange rates have declined again. Over the past month we have seen Sterling to Canadian Dollar exchange rates fall away, as uncertainty surrounding the future of Britain … Read more Effects of the Budget Statement

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