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Canadian Dollar Forecast Directory - Page #33

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

The Canadian Dollar Mounts Overnight Recovery vs USD as Oil Ticks Higher

14 Sep 2017 at 11 AM - Written by John Cameron

STORY LINK The Canadian Dollar Mounts Overnight Recovery vs USD as Oil Ticks Higher

The Canadian to US Dollar exchange rate picked itself up from a weekly low overnight on Wednesday as the pairing was bolstered by an uptick in oil prices. At the time of writing the CAD/USD is -0.32 per cent lower at 0.81916 (14-09-2017). Canadian Dollar (CAD) Climbs as Oil Strengthened by IEA Report The Canadian Dollar mounted a...

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Canadian Dollar Outperforms the British Pound, Euro and US Dollar as "CAD Retains Strong Technical, Fundamental Undertone"

10 Sep 2017 at 11 AM - Written by David Woodsmith

STORY LINK Canadian Dollar Outperforms the British Pound, Euro and US Dollar as "CAD Retains Strong Technical, Fundamental Undertone"

"The CAD has risen more than 11% against the USD. Too much, too quickly? Possibly; CAD may steady in the short run but there is no real sign of valuation stretch in the decline in USDCAD at this point. Our high-frequency fair value model suggests a fundamental equilibrium of 1.1920 or so for USDCAD currently, which largely reflects the yield/...

CATEGORIES: Canadian Dollar Forecasts Currency Predictions Pound Canad Forecasts

Pound Canadian Dollar (GBP CAD) Plummets as BoC Announces Surprise Rate Hike

7 Sep 2017 at 12 PM - Written by John Cameron

STORY LINK Pound Canadian Dollar (GBP CAD) Plummets as BoC Announces Surprise Rate Hike

The Pound to Canadian Dollar exchange rate plummeted to its lowest levels since January yesterday as the Bank of Canada (BoC) announced a surprise rate hike. The BoC raised its key interest rate to 1.0%, less than a week after Canada’s Q2 gross domestic product (GDP) data exceeded expectations by accelerating at a pace of 4.5% (the...

CATEGORIES: Canadian Dollar Forecasts Currency Predictions

Pound Canadian Dollar (GBP CAD) Soars as the Canadian Current Account Deficit Widens

30 Aug 2017 at 4 PM - Written by Toni Johnson

STORY LINK Pound Canadian Dollar (GBP CAD) Soars as the Canadian Current Account Deficit Widens

The Pound rallied against the Canadian Dollar today on news that Canada’s current account deficit increased whilst mortgage approvals in the UK for July surged. Imports exceeded exports, Statistics Canada reported, with the Canadian current account deficit demonstrated to have widened in Q2 of this year (though less than anticipated)....

CATEGORIES: Pound Canadian Dollar Forecasts

Pound to Canadian Dollar Exchange Rate Tipped to FALL on Brexit / Oil Prices

27 Aug 2017 at 8 AM - Written by David Woodsmith

STORY LINK Pound to Canadian Dollar Exchange Rate Tipped to FALL on Brexit / Oil Prices

The pound to Canadian dollar exchange rate could be set to tumble according to the latest forecasts by CBA on Friday 25th August. The foreign exchange strategists suggest the pound sterling could be heading towards multi-year lows in the coming months. We recommend investors sell GBP/CAD at current levels (1.6025) with a target of...

CATEGORIES: Canadian Dollar Forecasts Currency Predictions Pound Canad Forecasts

Canadian Dollar - Canada?s Government Budget Surplus Weakens, GBP/CAD Rises

25 Aug 2017 at 5 PM - Written by John Cameron

STORY LINK Canadian Dollar - Canada?s Government Budget Surplus Weakens, GBP/CAD Rises

The pound to Canadian dollar exchange rate GBPCAD gained on Friday's foreign exchange markets reacted to news from this year’s Jackson Hole economic symposium and a severe drop in Canada’s government budget value. Federal Reserve Chair Janet Yellen took to the stage to discuss financial stability at this year’s symposium, and, much...

CATEGORIES: Canadian Dollar Forecasts Currency Predictions Pound Canad Forecasts

Quite Trade sees Pound to Canadian Dollar Exchange Rate Near Opening Levels - Retail Sales Tomorrow

20 Aug 2017 at 9 AM - Written by David Woodsmith

STORY LINK Quite Trade sees Pound to Canadian Dollar Exchange Rate Near Opening Levels - Retail Sales Tomorrow

The live Pound to Canadian Dollar exchange rate on Monday August 21 is quoted at 1.62108, a value that has little changed over the course of the day. With little data released today, all eyes will be on Tuesday's retail sales print. According to Scotiabank foreign exchange analysts, "CAD is quiet, consolidating in a tight range around...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound to Canadian Dollar Exchange Rate Outlook: UK Retails Sales Boosts GBP/CAD

17 Aug 2017 at 11 AM - Written by John Cameron

STORY LINK Pound to Canadian Dollar Exchange Rate Outlook: UK Retails Sales Boosts GBP/CAD

The Pound Canadian Dollar exchange rate has seen a positive move on Thursday afternoon, valued +0.15 per cent higher at 1.62979 at 18:00 GMT. GBP/CAD clawed its way back up from an eight-month low earlier in the morning as the UK released its latest retail sales figures. Pound (GBP) Rallies as Retail Sales Beat Forecasts Sterling was...

CATEGORIES: Pound Canadian Dollar Forecasts

Widening UK Trade Deficit Limits GBP CAD Exchange Rate Gains

10 Aug 2017 at 1 PM - Written by David Woodsmith

STORY LINK Widening UK Trade Deficit Limits GBP CAD Exchange Rate Gains

An unexpected widening of the UK trade deficit weighed on the Pound Canadian Dollar exchange rate, even though a general sense of risk aversion prevented any particular weakness. Markets were not impressed to see this fresh deterioration in the UK’s trade balance, however, as uncertainty over Brexit continues to hang over the domestic...

CATEGORIES: Pound Canadian Dollar Forecasts

Rip-roaring Canadian GDP Sends Pound Sterling Canadian Dollar (GBP CAD) Tumbling

28 Jul 2017 at 5 PM - Written by James Fuller

STORY LINK Rip-roaring Canadian GDP Sends Pound Sterling Canadian Dollar (GBP CAD) Tumbling

• Pound Sterling / Canadian Dollar Slips to 1.6279 – Canadian Dollar / Pound Sterling Hits 0.6136 • Canadian GDP Beats Expectations – Rate hike bets increase • Pound Bolstered by Talks of a Softer Brexit – Proposals of Transitionary Period Assuage Some Fears The Pound to Canadian Dollar exchange rate took a sharp tumble today...

CATEGORIES: Canadian Dollar Forecasts

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