December 13, 2018
Canadian money on a black background

Canadian Dollar Saved after Positive November Jobs Outlook

CAD surges after sound November labour market data. Despite healthy Jobs and unemployment, wages continue to disappoint. Bank of Canada outlook softened due to the positive data report A brief relief for CAD after a dark few months Friday was a happy day for the Canadian Dollar after it strengthened rapidly after November’s labour market […]
April 9, 2018

Canadian Dollar Continues to Struggle as GDP Contracts

Canadian GDP missed target this month compounding the Canadian Dollar’s troubles this week. The Canadian Dollar has struggled recently due to few developments in the new NAFTA agreements plus earlier Q4 GDP figures.
March 5, 2018

Canadian Dollar Tumbles as Trade Agreement Fears Continue and Growth Stutters

The Canadian Dollar continued to struggle against its US counterpart this week due to an array of circumstances that are widely outside of its control. The Loonie was hit hard due to the continuing lack of developments with the North American Trade Agreement negotiations, Trump’s new tariff announcements and Canada's Q4 GDP which saw growth miss expectations.
December 10, 2017

Canadian Dollar to US Dollar Drops as BOC’s Future Rates Hikes Are Delayed

The Canadian Dollar fell against the against the US Dollar as the Canadian central bank left rates unchanged at 1%. The hold which was completely expected markets was not the instigator for the Canadian Dollar loses, rather more the speculation over when the next rate hike may be. Canadian unemployment and labour market Investors were […]
November 7, 2017
CAD exchange rates

CAD Exchange Rates Surge Following Employment Change

The CAD exchange rates picked up the pace on Friday following Canada's latest Employment change reading, pushing CAD to USD exchange rates to around 0.34%.
September 10, 2017
USD/CAD Canadian Cent penny

USD/CAD Falls To Two Year Low Following Canadian Interest Rate Rise

The latest Canadian Dollar Interest rate announcement drove the USD/CAD to a two-year low compounding an extremely difficult week for the US and notably an increasingly weak Dollar. The Canadian Interest Rate Hike Announcement Markets hadn’t anticipated the Bank of Canada would increase rates in September therefore, their decision to do surprised markets. The effects […]
May 5, 2017
CAD exchange rate reaction

CAD Exchange Rates Remain Range Bound Following Interest Rate Hold

The Bank of Canada’s Governor delivered an untypically upbeat speech at the conference in Ottawa dispelling Canada’s concerns about a rate cut. The rate, which as mentioned, was held at 0.5%, painted a much more positive picture of Canada’s economy, although there still appears to be some concern surrounding the strength of Canada’s recovery. The […]