Canadian dollar forecasts

TORONTO (Reuters) – US Dollar index FX Signals There is less upside for Canada’s dollar over the coming year, according to analysts who are weighing the effect of a surprise contraction in the economy and signs of a cooler housing market on the Bank of Canada’s policy outlook, a Reuters poll showed.

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The data “does create a bit of a question mark about just how quickly the Bank of Canada will raise interest rates going forward,” said Shaun Osborne, chief currency strategist at Scotiabank.

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A combination of more oil supply and weakening residential investment could weigh on the Canadian dollar next year, said Stephen Brown, senior Canada economist at Capital Economics.

Canadian dollar forecasts

FX Signals – Worst Levels in a Month for Pound to Canadian Dollar EX

Canadian dollar forecasts

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