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.
July 15, 2017
Canadian Dollar rate Canada day

Canadian Dollar Rate Strengthens Following Anticipated Interest Rate Rise

As many had expected Canada increased interest rates for the first time in 7 years. Increasing from 0.5% to 0.75%. The Canadian Dollar rate as a by-product gained further ground against many of the major currency pairs especially. Canadas outlook in recent months has been extremely positive with a raft of encouraging data, In particular […]
July 9, 2017
Vancouver Canadian Dollar Exchange Rate

Canadian Dollar Exchange Rate Approaches 10 month High Following Positive Jobs Data

The Canadian dollar exchange rate benefitted to gain further against the US dollar this week. The gain was fuelled by positive new jobs data release which saw the Canadian economy create 45,300 more jobs last month. The achievement comfortably surpassed the forecast of 11,400 Encouragingly the largest recruitment growth was seen in full time sector […]