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  1. www.morningstar.ca › ca › newsWill the Canadian Dollar Continue to Fall? | Morningstar

    6 days ago · The exchange rate with the US dollar has floated in the C$1.34-C$1.38 range for most of 2024, only recently surpassing the top end following the Bank’s half-point rate cut. For that reason, Reid cautions that there’s now an expectation that the Canadian dollar might see heightened volatility over the next year.

  2. www.interchangefinancial.com › canadian-dollarCanadian Dollar Forecast & Predictions - Outlook Daily Updates

    Oct 30, 2024 · Past 90 Days. Canadian Dollar Future is Looking Spooky October 30, 2024 The Canadian dollar (CAD) has faced substantial challenges in 2024, weakening by approximately 5% against the U.S. dollar (USD). This year marks the lowest point for the USD/CAD pair since 2020, and current trends indicate more downside may be lurking in the shadows.

  3. www.cbc.ca › news › businessThe loonie has fallen to its lowest level in almost two years ...

    Sep 16, 2022 · That's the lowest level for the currency since October 2020. The loonie was off by about half a cent from Thursday's close, just the latest down day in a stretch of them for Canada's currency. The ...

  4. www.ctvnews.ca › business › here-s-what-the-bank-ofHere's what the Bank of Canada's rate drop means for the loonie

    Jul 24, 2024 · TD has forecast a year-end target for the Bank of Canada rate to be at 4.25 per cent by year end, but the dovish tone from the bank leaves room for it to go lower still. Financial markets have ...

  5. dailyhive.com › canada › canadian-dollar-drop-lowestImpacts of the Canadian dollar dropping to lowest level in ...

    4 days ago · The Canadian dollar has dipped to levels not seen since 2020, and this will likely significantly impact your everyday expenses. This week, the loonie sunk below 72 cents US for the first time in over four years, closing Tuesday at 71.89 cents US after sinking just under 72 cents on Monday. As of ...

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  7. www.manulifeim.com › retail › caOur 2021 Canadian dollar outlook | Manulife Investment Management

    Over the past number of years, the Canadian dollar’s correlation to the interest rate spread between Canada and the United States has also been a contributing factor to its movement. However, over the past couple of months, it would appear as though this relationship — the Canadian dollar and the two-year spread — has broken down.

  8. www.morningstar.ca › ca › newsWhat’s Up with the Loonie? | Morningstar

    Oct 22, 2021 · In the 6-week period when the loonie dipped this last summer, the Canadian Crude Index reached a new high of $60. Since then, it has strengthened to $68. “Canada posted a current account surplus for the second consecutive quarter in Q2 2021,” reaching $3.6 billion during the quarter, writes Stéfane Marion, chief economist and strategist at ...

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