Finder’s Canadian Dollar Forecast Report

26 March 2019

Canadian Dollar Forecast Report

In Finder’s inaugural Canadian Dollar Forecast Report, seven expert panellists from leading currency exchanges and economic research firms forecast the movements of G10 currencies. These include the United States dollar (USD), Euro (EUR), Pound sterling (GBP), Japanese yen (JPY), Australian dollar (AUD), New Zealand dollar (NZD), Canadian dollar (CAD), Swiss franc (CHF), Norwegian krone (NOK), and the Swedish krona (SEK).

Panellists provided their predictions for G10 currencies and responses were pegged to the US dollar. Where panellists were asked for their forecast for the US dollar, panellists responded in the format 1 USD = X CAD. Opinions are solely those of the panellists.

What do panellists predict for currencies outside the G10? Read their predictions at the end of this report.

Finder’s expert panel

Matt Richardson panelist

Matt Richardson

OFX
Greg Smith panelist

Greg Smith

Hawk FX

Greg Smith panelist

Atik Shah

InstaReM
Greg Smith panelist

Jeremy Thomson-Cook

WorldFirst

Matt Richardson panelist

Simona Gambarini

Capital Economics
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William Jones

RationalFX

Greg Smith panelist

Joe Donnachie

WorldFirst
Greg Smith panelist

Loonie forecast: will the Canadian dollar go up?

Nearly all of the experts on Finder’s panel (6 out of 7) forecast the Canadian dollar will increase by 1 July, 2019. As of March 26th, 2019, the Canadian dollar was valued at $1.339. When compared to G10 currencies, the CAD is expected to increase the most by 1 July, with an average increase of 2.29%. Panellists are also forecasting the CAD to increase by 31st December, 2019, with a slight increase of 0.81%.

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