Monthly Canadian Dollar Outlook/Forecast

Our Canadian Dollar Forecast/Outlook will keep you up-to-date on CAD-related updates and forecasts. Our technical analysis will keep abreast of the CAD forecast and how it’s affected by oil prices, the economy (including GDP and debt), the events over the last week and how they affect the Canadian dollar outlook/forecast.  KnightsbridgeFX is your source for currency exchange news (including CAD-USD rates) and currency converter tools.

Canadian Dollar Monthly Outlook February 2018

Economic Outlook and Summary Throughout the month of January the Loonie continued its rally, starting the month off with stronger than expected employment figures resulting in current level of unemployment at 5.7%. The Bank of Canada (BoC) kept inflation expectations the same for the upcoming quarter as labor costs were rising, resulting in a rise […]

By Admin | February 8, 2018 | Monthly Canadian Dollar Outlook/Forecast | 0 comments Read more >

Canadian Dollar Monthly Outlook January 2018

Economic Outlook and Summary The month of December lead off with the decision of overnight interest rates to stay steady at the current level of 1%. The Bank of Canada’s decision showed its cautious position while maintaining the conclusion that the Canadian economy would need less monetary stimulus over the long term. These hawkish comments […]

By Admin | January 9, 2018 | Monthly Canadian Dollar Outlook/Forecast | 0 comments Read more >

Canadian Dollar Monthly Outlook December, 2017

Economic Outlook and Summary November’s Bank of Canada rate decision outlined a cautious, data dependent approach to future monetary policy tightening. Of primary importance are inflationary and employment data. The unemployment rate has declined to 5.9%, the lowest in nearly a decade, an indicator of labour market strength. However, inflation continues to lag behind the […]

By Admin | December 7, 2017 | Monthly Canadian Dollar Outlook/Forecast | 0 comments Read more >

Canadian Dollar Monthly Outlook November, 2017

Economic Outlook and Summary October strayed from its placidity when the Bank of Canada reaffirmed their passive mandate to review inflationary data before proceeding with any major decision. Domestic inflation has been sluggish, contributing to a significant drop in the Loonie throughout October. Other than incoming interest hikes, another major indicator for a potential shock […]

By Admin | November 6, 2017 | Monthly Canadian Dollar Outlook/Forecast | 0 comments Read more >

Canadian Dollar Monthly Outlook October, 2017

Economic Outlook and Summary September was a significantly less volatile month compared to the entire fiscal year of 2017. The loonie came off its sugar rush and gradually depreciated throughout the entire month and is expected to continue its drop for October. Despite softer US growths due to hurricanes, past empirical data has proven that […]

By Admin | October 10, 2017 | Monthly Canadian Dollar Outlook/Forecast | 0 comments Read more >

Canadian Dollar Monthly Outlook September, 2017

Economic Outlook and Summary The interest hike previously anticipated for October was accelerated to September, causing a prolonged CAD rally. The CAD climbed approximately 2 cents (climbing as high as 82 cents) as a result of an Overnight Rate that was increased to 1.00. While devastating to local communities, the overall impact of the recent […]

By Admin | September 11, 2017 | Monthly Canadian Dollar Outlook/Forecast | 0 comments Read more >

Canadian Dollar Monthly Outlook August, 2017

Economic Outlook and Summary The announcement and implementation of the interest rate hike in early July caused the loonie to appreciate over 4 cents. The Canadian dollar has since declined from July 24th highs, where it peaked at over 81 cents, slowly depreciating and sitting at around mid 1.25-1.26. Most banks have adjusted their forecast […]

By Admin | August 8, 2017 | Monthly Canadian Dollar Outlook/Forecast | 0 comments Read more >

Canadian Dollar Monthly Update July, 2017

Economic Outlook and Summary 2017 started off strong in Canada. Gross Domestic Product (GDP) was up 3.7%. The energy sector within Canada also experienced an increase in capital investment. Growth in Canada is expected to increase by 2.8% this year, making Canada one of the top scorers in the G7. 2017 is expected to be […]

By Admin | July 10, 2017 | Monthly Canadian Dollar Outlook/Forecast | 0 comments Read more >

Canadian Dollar Monthly Update June 2017

Several unexpected exogenous events took place which caused the CAD to appreciate in May. Oil prices continued to function as the primary driver in the fluctuation of the USDCAD and will likely remain the case for this fiscal month. Summary Most banks are forecasting a decline in the USD/CAD foreign exchange transitioning into Q3 as […]

By Admin | June 5, 2017 | Monthly Canadian Dollar Outlook/Forecast | 0 comments Read more >

Canadian Dollar Forecast May 2017

April saw a significant appreciation in the U.S. dollar, as USD/CAD rose almost 400 basis points from the first week of April to the start of May. The transition into May was even rockier for CAD as Trump began implementing protectionist policies starting with the tariffs on lumber, resulting in further U.S. dollar strength. Summary […]

By Admin | May 8, 2017 | Monthly Canadian Dollar Outlook/Forecast | 0 comments Read more >