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Consensus Canadian Dollar Forecast

April 24, 2024 | About

Long Term



Short Term


Today's expected range


August 28, 2023 in Daily Updates, Views

Canadian Dollar Looks to Friday’s GDP Numbers to Stop Its Slide

This morning, global equity markets and sentiment are more positive based on what are thought to be the initial, albeit tepid, steps by Beijing to kickstart a stalling economy by…
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February 24, 2023 in Daily Updates, Views

CAD drops a full penny to fresh 7-week lows amid ongoing USD strength

Canada made headlines this week with the release of its latest inflation and retail sales data. The inflation figures were particularly noteworthy, with both the headline (which includes volatile commodities…
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Canadian Dollar Daily Updates

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April 24, 2024

Upcoming Economic Data Could Swing Canadian Dollar

If you're like us, you haven’t seen the inside of a retail store in months, and the Canadian dollar took a hit because of it. The Canadian dollar gave up…
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April 15, 2024

Canadian Inflation Data to Test Canadian Dollar Strength

After sinking two full cents against the US dollar last week, the Canadian dollar had gained back about half a penny in early Monday morning trading. Global markets in general…
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April 5, 2024

Canadian Dollar Yo-Yos to End a Volatile Week

The Canadian Dollar had another volatile day on Friday. The USD/CAD saw significant gains against the USD on Thursday, touching 1.3480, after Fed Chairman Powell suggested that the Fed still…

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.