Canadian Dollar forecast page 7 - cad canadian dollar cad dollar

The Pound Canadian Dollar (GBP/CAD) exchange rate continues to fall during this morning’s session as coronavirus worries continue to keep Sterling investors concerned and a hoped rebound in oil prices drives movement in the Canadian Dollar. At the time of writing the GBP/CAD pairing are trending around the CA$1.7271 level as the...

GBP/CAD Exchange Rate Sinks as Hopes of Rising Oil Prices Boost ‘Loonie’ The Pound Canadian Dollar (GBP/CAD) exchange rate fell by -0.5% today following an upbeat forecast for oil prices from Goldman Sachs analysts, who said they see an ‘upside’ to prices following the OPEC+ supply deal. The pairing is currently fluctuating around...

GBP/CAD Exchange Rate Rises as UK Chancellor Says Economy is ‘Bouncing Back’ The Pound to Canadian Dollar exchange rate rose by 0.2% following a bullish statement by UK Chancellor Rishi Sunak, who said that the UK economy appears to be ‘bouncing back’. The pairing is fluctuating around CA$1.73 at the time of writing. GBP...

GBP/CAD Exchange Rate Rangebound as UK Faces Division Over Easing of Lockdown Restrictions The Pound Canadian Dollar (GBP/CAD) exchange rate held steady today after several senior doctors warning Prime Minister Boris Johnson of ‘potentially devastating consequences’ from the lifting of lockdown restrictions in England on July 19. The...

GBP/CAD Exchange Rate Rangebound, UK PM is Expected to Affirm Easing of Lockdown Restrictions This Month The Pound Canadian Dollar (GBP/CAD) exchange rate held steady ahead of Prime Minister Boris Johnson’s announcement later today. But could the PM’s conformation of lifting lockdown restrictions on July 19 boost Sterling? The pairing is...

GBP/CAD Exchange Rate Falls as Demand for Oil Picks Up The Pound Canadian Dollar exchange rate fell by -0.2% as the commodity-linked ‘Loonie’ benefited from rising WTI crude prices, which rose to $74 per barrel. The pairing is currently fluctuating around CA$1.71. Oil prices have risen on lower US inventories and expectations of...

GBP/CAD Exchange Rate Rangebound, Could Rising Oil Prices Boost the ‘Loonie’? The Pound Canadian Dollar exchange rate held steady today following the publication of Canada’s retail sales for April, which fell by a worse-than-expected -5.7%. The Canadian Dollar (CAD) failed to rise against the Pound despite a number of supporting...

GBP/CAD Exchange Rate Rises, Demand for Oil Steadily Increases The Pound Canadian Dollar (GBP/CAD) exchange rate rose today, with the ‘Loonie’ subdued despite rising WIT crude prices. The pairing is currently fluctuating around CA$1.72. The commodity-linked Canadian Dollar failed to rise against the Pound today despite an uptick in...

GBP/CAD Exchange Rate Falls on Canadian Oil Market Optimism The Pound Canadian Dollar (GBP/CAD) exchange rate dipped this morning after the Bank of Canada (BoC) held interest rates flat at 0.25% yesterday and left monetary policy largely unchanged. The pairing is currently fluctuating around CA$1.70. Some key takeaways from the BoC’s...

GBP/CAD Exchange Rate Sinks as Outlook for Canadian Economy Improves The Pound Canadian Dollar (GBP/CAD) exchange rate fell by -0.5% today as the commodity-correlated ‘Loonie’ benefits from soaring oil prices. Brent is currently up by over 2% and is trading around $71 a barrel, while WTI is also surging at above $68 per barrel. The...