Consensus Canadian Dollar Forecast

June 18, 2021 | About

Long Term

1.260

Short Term

1.230

Today's expected range

Blog

November 19, 2020 in Views

Is the Canadian Dollar Exchange Rate Going Up or Down?

Summary:  Our qualitative view of the Canadian dollar exchange rate is broadly in line with the Interchange Financial Consensus Forecast.  The Canadian dollar will be largely rangebound but strengthen modestly…
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March 30, 2020 in Views

Is the Canadian dollar ready for a near-term turnaround?

We have been bearish on the loonie since the beginning of the year, and especially since the beginning of the crisis.  That view has been borne out as the Canadian…
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Canadian Dollar Daily Updates

Daily Updates
June 17, 2021

USD to CAD Update: Why is the Canadian dollar declining all of a sudden?

The US dollar has jumped 1.3% since yesterday afternoon and is now trading at its highest level against the Canadian dollar in nearly 7 weeks.  The move comes as the…
Daily Updates
June 16, 2021

USD to CAD Alert: Canadian dollar at lowest level since early May in response to Fed statement

USD has jumped to its highest level since early May as the US Federal Reserve delivered a statement that is decidedly more restrained in its stated willingness to continue monetary…
USD to CADDaily Updates
June 15, 2021

USD to CAD Update: Why is the Canadian dollar trading down this week despite strong oil and equity prices?

Over the last couple of days, oil prices have risen to pandemic-era highs and are approaching the highest levels since 2014.  Stock indices have stabilized at or near record levels. …

The IFC Consensus Canadian Dollar Forecast is based on the aggregation of forecasts by major Canadian and Global banks and trading houses. The methodology used to calculate the forecast takes into account, among other things, the historical accuracy of the forecaster as well as other factors deemed relevant. Short Term refers to forecast for the end of the current quarter. Long Term refers to the forecast for the end of next year. The IFC Canadian Dollar Consensus Forecast is updated periodically.

The contents of this site are for information purposes only, and represent the personal views of the authors. It is not intended in any way as a recommendation to trade, nor does it construe advice whether to buy or sell. No responsibility can be held arising from any loss following consideration of this information. For information specific to your situation you should consult your relevant advisor or investment, legal or accounting professionals. All exchange rate figures displayed on this website are based on interbank exchange rates. These are not trading levels and are for indicative purposes only. Information provided is believed to be reliable when posted. Interchange Financial Corporation (“IFC”) does not guarantee its accuracy and information may change without prior notice. IFC is not responsible in any manner for direct, indirect, special or consequential damages however caused, arising out of the use of this web site.