US Dollar to Canadian Dollar Forecast: 1.3613 in Three Months

The Canadian Dollar's recent run of strength is not built on a strong economic bedrock and a dovish tilt from the Bank of Canada will put the currency under pressure during 2024.

GBPCAD upward channel still intact, USDCAD tipped lower by Commonwealth Bank.

GBPCAD could hit 2023 peak soon, but could struggle to extend beyond. USDCAD still pointed lower.

Any rebound in oil prices combined with an upside surprise in Canadian inflation data could offer the Canadian Dollar some support against the Pound and U.S. Dollar over the coming days.

The Bank of Canada is marching towards its first interest rate cut, and this will keep the Canadian Dollar on the back foot until the second half of 2024, according to a new currency research note …

Canadian Dollar weakness over the coming months is a high conviction view at Wells Fargo, the North American bank.

In the coming week, the Canadian Dollar's main focus is the Bank of Canada (BoC) decision midweek, where the market favours an announcement for the policy rate to be maintained at 5.0%.

The Pound's upside momentum against the Canadian Dollar has stalled, leading an analyst at one of Canada's primary banks to warn a reversal could soon occur.

The Canadian Dollar is expected to undergo "more Weakness Before a Revival in 2024" according to economists at CIBC, one of Canada's largest lenders and investment banks.

Analysis from a leading Canadian bank says the British Pound and Euro can extend a recent short-term advance against the Canadian Dollar, although the outlook against the Dollar is a little murkier…

The Canadian Dollar is a sell with strategists at CIBC Bank who note market positioning is unsupportive and incoming Canadian economic data is likely to disappoint.

Up, down and up again is how to describe the path of the Canadian Dollar over the coming days, weeks and months, according to the latest assessment from Bank of America.

The second half of 2023 is "unlikely to be as good as H1" for the Canadian Dollar, says a major Canadian bank.

New forecasts show a steady decline awaits the Canadian Dollar against the U.S. Dollar, Euro and British Pound.

The Canadian dollar can continue its recovery against the Pound and U.S. Dollar according to new research from global investment bank Commerzbank, which also shows a more determined advance against…

The Canadian Dollar is one of the better-performing of the major currencies of the past six weeks, but economists at a global investment bank say the currency will likely struggle over the remainde…

The Canadian Dollar should trend stronger against the Euro and British Pound into year-end while remaining range-bound against the U.S. Dollar as Canada benefits from a strong banking sector and el…

The Canadian dollar got a boost as oil prices jumped some 8% or so at the Asian open after the OPEC+ blindsided the market with a surprise production cut, announced at the weekend.

"In terms of alpha-generation – we like being short GBP/CAD from here" - CIBC.

"USD/CAD could be heading to 1.40" - City Index.