Canadian Dollar Exchange Rates

28 July, 2011


If you need to send money to Canada in the near future, keep an eye on Monday’s Canadian retail sales data, released at 1.30pm UK time.

Canadian Dollar rates have been falling for some time, as the Pound has been losing ground across the board. A positive reading on Monday is likely to strengthen the Canadian Dollar, making exchange rates worse if you send funds across the pond.

Don’t forget, a currency broker will enable you to save money against using your bank, and also offer the facility to fix exchange rates up to 2 years ahead. If you are emigrating, fixing your exchange rate can sometimes save you thousands of pounds, without needing all your sterling available.