The Canadian dollar traded around 1.267 at the beginning of December, getting closer to a 2-week low of 1.265 hit on November 25th, amid a sharp rebound in oil prices and an increase in risk appetite as the new Covid-19 variant, Omicron, should have a lower impact on the global economy once its symptoms seem mostly mild. Also, traders will be watching the BoC meeting on December 8th, looking for some clues for the next steps of the monetary authority after better-than-expected employment and GDP data. The jobs report showed that the economy added a net 153.7 thousand jobs in November, while third-quarter GDP figures showed that the economy grew at an annualized rate of 5.5%. Both results geared up investors to bet that the BoC might hike rates before the FED. Lastly, the oil prices – Canada’s major export – rebounded to over $71 a barrel, after plunging to below $66.

Historically, the Canadian Dollar reached an all time high of 1.62 in January of 2002. Canadian Dollar - data, forecasts, historical chart - was last updated on December of 2021.

The Canadian Dollar is expected to trade at 1.29 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.31 in 12 months time.

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Canadian Dollar

Majors Price Day Year
EURUSD 1.1247 -0.0036 -0.32% -7.08%
GBPUSD 1.3223 -0.0038 -0.29% -0.95%
AUDUSD 0.7110 0.0064 0.91% -4.03%
BTCUSD 51,036.9100 481.9100 0.95% 178.64%
NZDUSD 0.6775 0.0025 0.37% -3.82%
USDJPY 113.6020 0.1300 0.11% 9.07%
USDCNY 6.3659 -0.0086 -0.13% -2.34%
USDCHF 0.9259 0.0005 0.06% 4.15%
USDCAD 1.2665 -0.0097 -0.76% -1.16%
USDMXN 21.0550 -0.1878 -0.88% 6.39%
USDINR 75.4270 0.0370 0.05% 2.32%
USDBRL 5.6345 -0.0546 -0.96% 10.04%
USDRUB 74.1976 0.1756 0.24% 1.18%
DXY 96.4630 0.1350 0.14% 6.04%
USDKRW 1,173.7220 -2.4321 -0.21% 8.40%
USDTRY 13.4559 -0.1695 -1.23% 72.39%
USDSEK 9.1234 0.0302 0.33% 7.68%
USDPLN 4.0739 0.0049 0.12% 10.89%
USDNOK 9.0395 -0.0508 -0.56% 3.09%
USDZAR 15.8806 -0.0015 -0.01% 6.03%
USDDKK 6.6115 0.0221 0.33% 7.52%
USDSGD 1.3671 -0.0018 -0.13% 2.18%
USDILS 3.1331 -0.0310 -0.98% -3.79%
USDHKD 7.7972 -0.0040 -0.05% 0.59%
USDCLP 838.4800 -6.9700 -0.82% 12.65%
USDPKR 176.4500 -0.0500 -0.03% 10.25%
USDCZK 22.6067 0.0858 0.38% 3.94%
USDHUF 326.6850 3.0840 0.95% 10.13%
Crosses Price Day Year
USDCAD 1.2665 -0.0097 -0.76% -1.16%
EURCAD 1.4244 -0.0158 -1.10% -8.18%
GBPCAD 1.6747 -0.0176 -1.04% -2.12%
AUDCAD 0.9006 0.0014 0.15% -5.16%
NZDCAD 0.8577 -0.0037 -0.42% -4.97%
CADJPY 89.6940 0.7850 0.88% 10.38%
CADCNY 5.0264 0.0318 0.64% -1.17%
CADCHF 0.7311 0.0060 0.82% 5.39%
CADBRL 4.4598 0.0577 1.31% 8.41%
CADCZK 17.7725 0.1253 0.71% 3.48%
CADDKK 5.1925 0.0290 0.56% 7.24%
CADHUF 255.1046 1.5326 0.60% 9.27%
CADIDR 11,328.2635 17.0746 0.15% 3.32%
CADINR 59.3484 0.2732 0.46% 6.24%
CADKRW 923.1481 1.5201 0.16% 8.64%
CADMXN 16.6915 0.0458 0.28% 0.54%
CADMYR 3.3240 0.0093 0.28% 5.30%
CADRUB 58.5137 0.5105 0.88% -0.21%


Canadian Dollar
The USDCAD spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the CAD. While the USDCAD spot exchange rate is quoted and exchanged in the same day, the USDCAD forward rate is quoted today but for delivery and payment on a specific future date.