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CCY - CCY Delayed Price. Currency in USD
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0.7494-0.0020 (-0.2728%)
As of 02:11PM GMT. Market open.
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Previous Close0.7515
Day's Range0.7489 - 0.7522
52 Week Range0.7158 - 0.8064
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  • Reuters

    Canadian dollar to rebound in 2023 if economic uncertainty clears: Reuters poll

    Canada's dollar will rally this year, but much of the upswing will have to wait until a period of uncertainty passes for the domestic and global economies following aggressive tightening by central banks in 2022, a Reuters poll forecast. The loonie will edge 0.6% higher to 1.35 per U.S. dollar, or 74.07 U.S. cents, in three months, according to the median forecast of currency analysts. "We expect to see some mild CAD weakness in the first half of 2023 ... as last year's rate hikes work their way through the economy and lead to a mild recession," said George Davis, chief technical strategist at RBC Capital Markets.