OPEC impact on exchange rates

The Canadian Dollar was an under-performer on Thursday, May 25 as oil prices slid after oil-producing cartel OPEC failed to take the concrete measures required to keep prices elevated.

May 25,2017

canadian dollar exchange rates 1

The Canadian Dollar has strengthened following the release of an optimistic Bank of Canada (BOC) rate meeting statement.

May 25,2017

canadian dollar toronto skyline

There is a growing consensus amongst analysts, as we reach the middle of the week that the Pound to Canadian Dollar has peaked and is likely to continue selling off.

May 17,2017

Canadian Dollar passes peak pessimism

Until the end of last week, the Canadian dollar was the worst performing major currency of 2017.

May 15,2017

canadian dollar 2

GBP/CAD has been forming what could be a ‘rounding top’ pattern and is now gently rolling over.

May 15,2017

canadian dollar exchange rates 4

The Pound to Canadian Dollar has formed a gently cambering top which is often the harbinger of doom for a pair, according to analysis from Scotiabank’s Shaun Osborne.

May 12,2017

canadian dollar toronto skyline

The Pound may be peaking versus the Canadian Dollar as the exchange rate stalls for the fourth straight day

May 10,2017

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