News & Articles


Currency Solutions

Canada

Canada's currency rose for a second day in a row as traders eagerly await the incoming policy statement form the US Federal Reserve's Open Market Committee. The Organization for Economic Cooperation and Development helped boost its forecast for the nation's economic growth and a US government report sent North American stocks soaring. Both of the previous advances are what helped the loonie strengthen to as much as 0.7% against the US dollar.

The boost in Canada's economic growth is the re-adjustment from a 3% decrease in the economy, down to only a 2.6% decrease. Other positive news for Canada is the prediction that their gross domestic product will grow 0.7% next year, which is faster than the Paris think-tank's estimate. Lastly, a rise in US durable goods data had a positive impact for more risk appetite, as a result strengthening the Canadian dollar.

Canada's dollar currently has an exchange rate of USD0.8696, EUR0.6228, and GBP0.5292.

The rates quoted above are interbank rates. Client rates may vary according to the volume and timing of the trade.

Please note: All rates are subject to change, for the latest up-to-date rates check our Currency converter

Bookmark and Share

Contact Us

Currency Converter

Today's Currency News

Scotland has been the most talked country across the globe in recent weeks and tomorrow’s...

Currency Rates

US Dollars 1.6309
Euros 1.2667
Swiss Francs 1.5300
Australian Dollars 1.8187
South African Rand 17.917
GBP indicative mid-market rate at 09:35. Please call for quote.