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Canadian Dollar rates best since December
07 May 2012

Canadian Dollar exchange rates have hit their best level since December, with a mid-market high today of over $1.61 against the Pound. This comes despite better than expected building data released in Canada this afternoon.

The Pound's recent strong performance, even in the face of the UK slipping back into recession, has seen Canadian Dollar exchange rates improve nearly 6% in the last 3 weeks. If you are looking to emigrate to Canada or need to send a payment there, now could be a good time to look at locking into an exchange rate to take advantage.

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