- Analytics
- News and Tools
- Market News
- USD/CAD: Loonie to weaken further before a turnaround in H2 – CIBC
USD/CAD: Loonie to weaken further before a turnaround in H2 – CIBC
The Loonie has not moved much in the last month, with USD/CAD bouncing around 1.3500. Economists at CIBC Capital Markets analyze the pair’s outlook.
USD/CAD to reach 1.2900 by the end of 2025
We don’t expect the BoC to pivot further towards setting the stage for rate cuts until its April MPR, at which point the Loonie is likely to weaken further, with USD/CAD set to peak at 1.3700 in Q2.
Once the Fed is on the policy normalization path starting in Q3, broad USD weakness should help give the CAD a lift, with higher commodity prices in 2025 also boosting the currency.
We continue to see USD/CAD reaching 1.2900 by the end of 2025.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
