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

GBP/CAD falls after Trade Balance figures

Written by: Richard Beaumont T: 01442 892 060 E: [email protected] GBP/CAD falls after Trade Balance figures Today we finished the week with some much better than expected figures from Canada. The latest trade balance figures were forecast for a negative -1.0Bn but the actual numbers showed only -0.7Bn. Labour productivity was also better than expected at 0.1%. … Read more GBP/CAD falls after Trade Balance figures

Canadian GDP results

Written by: Richard Beaumont T: 01442 892 060 E: [email protected] Manufacturing Slows The first of the UK’s major figures is out this week in the form of Manufacturing PMI. This is a very good indicator of economic health and along with the other inflation measures, will give a clear indication of how the UK economy … Read more Canadian GDP results

UK trade gap worries

Written by: Richard Beaumont T: 01442 892 060 E: [email protected] It has been a very volatile year so far for global exchange rates and the Sterling to Canadian Dollar cross has been no exception. In today’s report, let’s look at what data releases and events may effect the exchange rates this week. Trade gap causes Sterling … Read more UK trade gap worries

Promising signs from Canada

Written by: Richard Beaumont T: 01442 892 060 E: [email protected] So far this week it has been fairly quiet on the data front from Canada, with most of the movement in exchange rates coming from news from overseas. We end the week however, with some very influential figures from Canada. Kicking things off we had the … Read more Promising signs from Canada