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A round up of the latest Canadian Dollar forecast news items from the Currency News desk.

Pound Canadian Dollar Exchange Rate Dips as BoC Expectations of Strong Canadian Economic Rebound

10 Jun 2021 at 10 AM - Written by John Cameron

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...

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Pound Canadian Dollar (GBP/CAD) Exchange Rate Falls as Rising Oil Prices Boost ‘Loonie’

1 Jun 2021 at 4 PM - Written by John Cameron

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...

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GBP/CAD Forecast: Pound to Canadian Dollar Exchange Rate Heads Higher on UK Retail Sales Figures

21 May 2021 at 10 AM - Written by John Cameron

The Pound to Canadian Dollar exchange rate (GBP/CAD) is heading higher today following the release of the latest retail sales from the UK. The GBP/CAD pairing are currently trending at around CA$1.7149 as Canadian Dollar investors await the latest retail sales from Canada later today. Pound Sterling (GBP) Exchange Rate Heads Higher on...

CATEGORIES: Pound Canadian Dollar Forecasts

Euro Canadian Dollar (EUR/CAD) Exchange Rate Steady as Oil Prices Slide

20 May 2021 at 4 PM - Written by John Cameron

EUR/CAD Exchange Rate Rangebound as Canadian Jobs Market Improves The Euro Canadian Dollar (EUR/CAD) exchange rate held steady today as sliding oil prices have undermined demand for the commodity-linked ‘Loonie’. The pairing is currently fluctuating around CA$1.47. The Canadian Dollar (CAD) struggled today as sinking oil prices and...

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GBP/CAD Forecast: Pound to Canadian Dollar Exchange Rate Heads Highers on UK Inflation Rate

19 May 2021 at 10 AM - Written by John Cameron

The Pound to Canadian Dollar exchange rate (GBP/CAD) has head higher this morning following the latest inflation rate data from the UK. The GBP/CAD pairing are currently trending at around CA$1.7137 as Canadian Dollar investors await the latest inflation rate data from Canada. Pound Sterling (GBP) Exchange Rate Heads Higher on UK...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound Canadian Dollar (GBP/CAD) Exchange Rate Dips as Oil Prices Bolster Oil-Sensitive ‘Loonie’

17 May 2021 at 4 PM - Written by John Cameron

GBP/CAD Exchange Rate Dips as Rising Oil Prices Boost Canadian Dollar The Pound Canadian Dollar exchange rate dipped today as the ‘Loonie’ has continued to benefit from upbeat Canadian economic data. A mixture of rising oil prices and rising Canadian wholesale sales for March has provided a boost for the Canadian Dollar. The pairing is...

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GBP/CAD Forecast: Pound to Canadian Dollar Exchange Rate Steady as Markets Await Canadian Employment Data

7 May 2021 at 10 AM - Written by John Cameron

The Pound to Canadian Dollar (GBP/CAD) is steady today as markets await the latest employment data from Canada later this afternoon. The GBP/CAD pairing are currently trending at around CA$1.6948 as the UK government is set to reveal its green-light countries for travel over the summer. Pound Sterling (GBP) Exchange Rate Steady on back...

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GBP/CAD Exchange Rate: Pound Canadian Dollar Weakens Despite UK Economic Optimism

30 Apr 2021 at 9 AM - Written by John Cameron

The Pound Canadian Dollar (GBP/CAD) exchange rate has weakened during this morning’s session as a lack of notable data from the UK does little to support Sterling. At the time of writing the GBP/CAD pairing are trading at around CA$1.7091 as the ‘Loonie’ finds support in rising oil prices and positive retail sales data. Pound...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound Canadian Dollar Exchange Rate Steady as Canada’s Covid-19 Vaccinations Double Since April

27 Apr 2021 at 12 PM - Written by John Cameron

GBP/CAD Exchange Rate Rangebound as Canada’s Covid-19 Vaccines Pass 12-Million The Pound Canadian Dollar exchange rate held steady today as the daily amount of Covid-19 vaccinations in Canada has doubled since the beginning of April. The pairing is currently fluctuating around CA$1.72. The Canadian Dollar (CAD) has benefited from news...

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Pound Canadian Dollar (GBP/CAD) Exchange Rate Rises as Canada’s Covid-19 Situation Reaches ‘Critical’ Levels

26 Apr 2021 at 12 PM - Written by John Cameron

GBP/CAD Exchange Rate Edges Higher as Canada Faces Critical Stage of Covid-19 The Pound Canadian Dollar (GBP/CAD) exchange rate rose today because of rising concerns over Canada’s Covid-19 resurgence. The pairing is currently trading around CA$1.73. Canadian Prime Minister Justin Trudeau recently commented that Canada’s Covid-19...

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