Consensus Canadian Dollar Forecast

July 23, 2021 | About

Long Term

1.268

Short Term

1.257

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…
Read More
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…
Read More

Canadian Dollar Daily Updates

Daily Updates
July 23, 2021

USD to CAD Update: CAD set to end the week higher after a roller coaster week

The Canadian dollar is set to end the week about half a penny above where it started but only after a roller-coaster week in which currencies bounced around on shifting…
Daily Updates
July 22, 2021

USD to CAD Update: US dollar declines for third day in a row

The US dollar dropped further this morning after weekly jobless claims unexpectedly moved higher raising some doubt about a strong U.S. labor market recovery in the fall.  The drop comes…
Daily Updates
July 21, 2021

USD to CAD Update: Canadian dollar rebounds as sentiment turns positive

It is only Wednesday morning and it has already been a whirlwind week for the Canadian dollar.  Monday saw stocks sell off very heavily on concerns about the spread of…

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.