Poloz Canadian Dollar

In a widely-expected move the Bank of Canada has raised its basic interest rate by 0.25% to take the overall rate to 0.75% ensuring the Canadian Dollar remains one of the best-performing currencies in global FX.

July 13,2017

canadian dollar exchange rates 6

The Pound to Canadian Dollar has fallen from 1.7800 highs set in May to its current 1.6688 level driven by increased expectations that the Bank of Canada (BOC) might start to tighten monetary policy, which has helped strengthen the Canadian part of the pairing.

July 12,2017

canadian dollar toronto skyline

Canadian employment report boosts CAD after showing gains in June.

July 7,2017

canadian dollar exchange rates 9

The Canadian Dollar is likely to rise as a result of recent hawkish commentary from Bank of Canada (BOC), however, the big question is whether it can hold onto those gains.

July 5,2017

canadian dollar exchange rates 2

The Pound has pushed higher against the Canadian Dollar despite recent commentary from the governor of the Bank of Canada (BOC) which supported the Canadian Dollar.

July 3,2017

canadian dollar 2

The US Dollar to Canadian Dollar pair fell to new yearly lows of 1.2963 on Friday after Canadian GDP data surprised to the upside, solidifying expectations that the Canadian central bank is about to embark on an interest rate hiking cycle.

June 30,2017

canadian dollar 4

The Pound to Canadian Dollar fell over half a percent on Wednesday to 1.6820 after the governor of the Bank of Canada (BOC) said the Bank’s hitherto low interest rates had “done their job” and the Bank would be revisiting the possibility of increasing interest rates at its next meeting on July 12.

June 28,2017

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