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

Canadian Dollar Resilient on Trade War Inflation Fears, BoC Cuts Rates to 2.75%

12 Mar 2025 at 9 PM - Written by David Woodsmith

STORY LINK Canadian Dollar Resilient on Trade War Inflation Fears, BoC Cuts Rates to 2.75%

The Bank of Canada (BoC) warning over inflation was slightly more hawkish than expected and provided some Canadian dollar support after the latest interest rate cut, although trading conditions remained volatile given the on-going trade war with the US. According to Governor Tiff Macklem "We ended 2024 on a solid economic footing. But...

CATEGORIES: Canadian Dollar Forecasts Pound Canadian Dollar Forecasts

Pound Close to Eight-Year Best vs Canadian Dollar as Carney New PM

10 Mar 2025 at 5 PM - Written by Tim Boyer

STORY LINK Pound Close to Eight-Year Best vs Canadian Dollar as Carney New PM

Newly-elected Canadian Prime Minister Carney has pledged to take the fight to US President Trump over trade tariffs. The Bank of Canada will face a tough decision this week and trade stresses will inevitably trigger further currency volatility. The Pound to Canadian dollar (GBP/CAD) exchange rate is trading close to 1.8585 and just...

CATEGORIES: Pound Canadian Dollar Forecasts

Trumps Tariffs Send Pound to Eight Year Best Exchange Rate Against Canadian Dollar

4 Mar 2025 at 10 AM - Written by David Woodsmith

STORY LINK Trumps Tariffs Send Pound to Eight Year Best Exchange Rate Against Canadian Dollar

Canadian dollar (CAD) exchange rates dipped sharply against the Pound and Euro after President Trump announced that tariffs on Canadian imports would go ahead. The Pound Sterling has held firm on hopes that the UK will not be the firing line. The overall reaction to tariffs being imposed has been measured, but the Pound to Canadian...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound to Canadian Dollar Rate Hits 3-Week Best as US Tariffs Dominate

27 Feb 2025 at 9 AM - Written by Tim Boyer

STORY LINK Pound to Canadian Dollar Rate Hits 3-Week Best as US Tariffs Dominate

Geopolitical developments and trade rhetoric will remain key influences in the outlook for the Canadian Dollar and US Dollar in the short term. US tariffs will be very important in the short term with 25% tariffs on imports from Mexico and Canada due to come in on March 4th. The Pound to Dollar exchange rate (GBP/USD) has been held...

CATEGORIES: Pound Canadian Dollar Forecasts

Canadian Dollar Slumps to 21-Year Low as Trump Imposes Tariffs

3 Feb 2025 at 12 PM - Written by Frank Davies

STORY LINK Canadian Dollar Slumps to 21-Year Low as Trump Imposes Tariffs

The Canadian dollar crashed after President Trump carried out his threat to impose tariffs on Canada, dashing hopes of a last-minute reprieve. The US Dollar-to-Canadian dollar (USD/CAD) exchange rate hit a 21-year high just below 1.4800 before a correction to 1.4680. The Pound to Canadian dollar (GBP/CAD) exchange rate posted 2025...

CATEGORIES: Canadian Dollar Forecasts

Canadian Dollar Weak as Bank of Canada Cuts Rates and Warns of Impact of US Tariffs

30 Jan 2025 at 7 AM - Written by Ben Hughes

STORY LINK Canadian Dollar Weak as Bank of Canada Cuts Rates and Warns of Impact of US Tariffs

The BoC cut rates for a sixth time in a row. More cuts look likely and the Canadian Dollar exchange rate complex is weak. The central bank warned about the potential impact of US tariffs on economic growth and inflation. Wednesday’s Bank of Canada meeting delivered yet another rate cut, its sixth in a row. Rates are now 3%, much...

CATEGORIES: Canadian Dollar Forecasts

Pound to Canadian Dollar Outlook: GBP/CAD Sinks After Strong Canadian Jobs Data

12 Jan 2025 at 8 PM - Written by David Woodsmith

STORY LINK Pound to Canadian Dollar Outlook: GBP/CAD Sinks After Strong Canadian Jobs Data

The Canadian dollar strengthened after stronger than expected Canadian jobs data. Higher US bond yields also triggered another round of Pound selling in global markets. In this environment, the Pound to Canadian dollar (GBP/CAD) exchange rate dipped to 6-week lows at 1.7600 before stabilising. The latest Canadian labour-market...

CATEGORIES: Pound Canadian Dollar Forecasts

Canadian Dollar Rallies from 4-Year Lows as BoC Cuts Rates to 3.25%

12 Dec 2024 at 7 AM - Written by Tim Boyer

STORY LINK Canadian Dollar Rallies from 4-Year Lows as BoC Cuts Rates to 3.25%

The Canadian dollar exchange rates rallied on Wednesday following the Bank of Canada policy decision. The move had been priced in and the central bank also signalled a more cautious stance on further rate cuts which triggered a paring of short positions. The US Dollar to Canadian dollar exchange rate (USD/CAD) retreated to 1.4125...

CATEGORIES: Canadian Dollar Forecasts

GBP to CAD Exchange Rate Jumps on Trump’s Tariff Threat Against Canada

27 Nov 2024 at 8 AM - Written by Frank Davies

STORY LINK GBP to CAD Exchange Rate Jumps on Trump’s Tariff Threat Against Canada

In comments overnight, US President-elect Trump stated that he would impose tariffs on Canada. Mexico and China on the first day of taking office in January. The Canadian dollar posted sharp losses in global markets and the Pound to Canadian dollar exchange rate (GBP/CAD) surged. From 3-month lows below 1.7500 posted late last week,...

CATEGORIES: Pound Canadian Dollar Forecasts

Canadian Dollar Today: Bank of Canada Deliver a 50bps Cut Amid Growth Concerns

24 Oct 2024 at 8 AM - Written by David Woodsmith

STORY LINK Canadian Dollar Today: Bank of Canada Deliver a 50bps Cut Amid Growth Concerns

After three 25bps cuts, the BoC decided to accelerate the easing cycle and deliver a 50bps cut. With disinflation overshooting the 2% target to 1.6%, the bank is now clearly focused on supporting the economy. Another cut is likely in December, although it is not clear whether it will be 25bps or 50bps. Stock markets rolled...

CATEGORIES: Canadian Dollar Forecasts

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