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 […]
June 14, 2017
CAD/USD Exchange Rate

CAD/USD Exchange Rate Hits A Two-Month High Following Governor Poloz’s Hint On Interest rates

Governor Stephen Poloz was being interviewed on a CBC radio show and gave a clear indication that interest rates could be raised sooner than many anticipated. His comments follow Monday speech from Governor Carolyn Wilkins where she addressed an audience speaking on the topic of diversity in the economy. The speech which was hosted by […]