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USD/CAD (CADUSD=X)

CCY - CCY Delayed Price. Currency in USD
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0.7439+0.0000 (+0.0052%)
As of 02:39AM GMT. Market open.
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  • Reuters

    Canadian dollar to rise later in 2023 on more favorable global outlook: Reuters poll

    The Canadian dollar is set to rise later this year as the global economic outlook turns more favorable for commodity-linked currencies and investors bet central banks will cut interest rates in 2024, according to a Reuters poll released on Wednesday. In three months, however, the loonie is set be little changed at 1.34 per U.S. dollar, or 74.63 U.S. cents, according to the median forecast from currency analysts, though that was slightly stronger than January's forecast of 1.35. "China is one of the big fundamental drivers for why there is growing optimism ... With that demand coming back, it's going to be supportive of the global economy and it could be a boost to pro-cyclical currencies," said Jay Zhao-Murray, market analyst at Monex Canada Inc.

  • The Canadian Press

    Canadian dollar's outlook for 2023 uncertain as interest rate hikes wane: experts

    The outlook for the loonie in 2023 largely depends on commodity prices, how the U.S. dollar fares, and whether central banks are successful in avoiding a major recession, experts said. The Canadian dollar recently rose to its highest level in more than two months against the U.S. dollar, which gained strength Friday after a stronger-than-expected jobs report. However, analysts are predicting some further weakness in the U.S. dollar in 2023. CIBC, in a Jan. 23 report, said the currency will likel

  • FX Empire

    Federal Reserve and NFP – A Busy Week Ahead for Traders

    It’s all happening for investors and traders this week, with a plethora of significant news releases out around the world.