What is tradingeconomics forecast for CAD & CAD?

TradingEconomics expected the CAD to be priced against the USD at 1.29 by the end of this quarter, and looking ahead, the USD/CAD forecast will rise to 1.34 in 12 months. In addition to the USD/CAD forecast, the data provider gave price targets for EUR/CAD, GBP/CAD, and AUD/CAD.

What is the Canadian dollar forecast for 2025?

Wallet Investor’s algorithm-based Canadian dollar forecast for 2025 saw the CAD/USD exchange rate closing the year at 1.1799. Wallet Investor did not give a Canadian dollar forecast for 2030.

What influences the GBP/CAD rate?

The GBP/CAD rate is heavily influenced by the performance of the US Dollar and the Euro and related economic and political events. Follow the GBP/CAD chart and our GBP/CAD forecasts for the latest on the Pound-Canadian Dollar price movements. Our expert news and analysis articles will further help you plan your trades.

Why is the CAD rising?

In the case of Canada, this is related to the price of oil, the country’s main export. When oil prices rise, the CAD often rises; when oil prices fall, the loonie will often decline. The BoC kicked off the most recent rate hiking cycle on 3 March 2022 – ahead of the Fed – raising rates by 0.25% to 0.5%.