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Good news for anyone looking to convert Pounds to Canadian Dollars so far this morning, with GBPCAD exchange rates increasing by just over 0.1%.

This afternoon, 1.30pm GMT, we see two key releases come out, Canada’s New Motor Vehicle Sales, along with their International Merchandise Trade. Both of these are seen as key indicators of Canada’s economy there fore any data released differently to expectations may have an impact on the cost of sending money to Canada.