Canadian Dollar forecasts against
Pound, Euro, Dollar, Australian Dollar, New Zealand Dollar and other G10 majors. Predictions come from market pricing sources, investment banks and technical analysts.
Corpay maintains a PDF forecast report showing major investment bank forecasts. The report includes the average forecast of all banks surveyed by Bloomberg as well as the highest and lowest forecast points over numerous timelines. Request your report: GBP/EUR, GBP/USD, EUR/USD, GBP/AUD, GBP/NZD, GBP/CAD.
Latest Canadian Dollar Forecast News on Pound Sterling Live:
The Canadian Dollar was one of 2021's star performers but has lost its flare in 2022, however analysts at Canadian bank Desjardins says it should be valued at higher levels.
Be cautious when chasing the Canadian Dollar higher says a leading foreign exchange strategist, a warning that if correct suggests one of 2021's winners won't deliver a repeat performance in 2022.
"Also weighing on the loonie in early 2022 will be a lack of upside in commodities. Demand for oil will be hampered in the near term by the spread of omicron globally" - CIBC.
National Bank of Canada says the recent decline in the value of the Canadian Dollar merely makes it even more undervalued relative to fundamentals, as they forecast gains in 2022.
"We suspect that barring a clear scientific consensus pointing to a limited impact from the Omicron variant, this uncertainty will likely curtail investor willingness to “buy the dip” in CAD." - Credit Suisse.
