Consensus Canadian Dollar Forecast

January 26, 2022 | About

Long Term


Short Term


Today's expected range


October 8, 2021 in Views

Are you looking to buy US dollars or transfer money to the US? The US dollar is at its lowest against the Canadian dollar since July

The Canadian dollar is up 0.8% today and trading at its highest level since July.  USD to CAD is currently down to 1.248 (CAD to USD is up to 0.801).  The Canadian…
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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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Canadian Dollar Daily Updates

Canadian DollarDaily Updates
January 7, 2022

Canadian dollar approaches 7 week high as jobs numbers surprise in opposite direction in US and Canada

In the first material move for the exchange rate in 2022, the Canadian dollar is up 0.6% against USD and is the strongest performing major currency today.  We believe this…
USD to CADDaily Updates
January 6, 2022

Fed surprise pushes up USD but impact on CAD muted by geopolitics

The US Federal Reserve surprised markets with its hawkish tone.  That led to a rally in the US dollar but the impact of the strong USD was muted against CAD…
Canadian dollarDaily Updates
January 5, 2022

Canadian dollar prepares for multiple rate hikes on both sides of border

Yesterday, we noted that the markets are looking past the Omicron wave despite the renewed closures and restrictions around the world, and that bond markets in particular were preparing for…

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.