Where can I get a better USD/CAD rate than my bank this month?

You can compare live FX spreads and book online directly through MTFX. You can keep an eye on the Canadian dollar forecast to ensure you are timing your conversions right.

How do I lock in a USD/CAD rate ahead of payment?

You can hold a rate with a forward contract through MTFX.

Can I send USD overseas without paying bank wire fees?

Yes. MTFX offers cheaper international payments than banks.

How do I transfer EUR to Canada at a better rate?

You can exchange EUR to CAD and settle locally in Canada via MTFX.

Can I receive payments in USD or EUR inside Canada without converting right away?

Yes, you can open a multi-currency account in your own company name.

How can I pay UK suppliers more efficiently this month?

You can pay GBP via local UK payout rails with MTFX.

Where can I book same-day CAD/JPY or AUD/CAD conversions?

MTFX lets you convert and settle multiple pairs online, including CAD/JPY and AUD/CAD.

What’s the fastest way to fund an MTFX FX deal under $25,000?

For small-value business payments, Interac e-Transfer is available depending on your banking limits.

How do I lock a budget rate for Q1 2026?

Use forward hedging or staged ladder orders via MTFX FX risk tools.

Can MTFX handle both incoming USD and outgoing EUR for the same transaction flow?

Yes, collect USD into your multi-currency account and pay out EUR from the same platform.

Currency Updates

Canadian Dollar Forecast - December 2025

Written by Ash Abbasi

December 15, 2025

Canadian Dollar Performance

The Canadian dollar’s performance in November paints a picture of cautious but uneven momentum. CAD strengthened against several Asia-Pacific currencies, including the yen and rupee, suggesting improved risk appetite and relative economic resilience in Canada. At the same time, it slipped against the euro and Mexican peso, highlighting how divergent global growth trends and policy expectations continue to shape cross-currency flows. These mixed monthly moves underline a loonie that is steady overall but still sensitive to shifting international conditions and sector-specific dynamics.

Currency Pair	Nov 30, 2025	Weekly Change	Monthly Change	Yearly Change
USD / CAD	1.40	-0.87%	-0.19%	-0.42%
EUR / CAD	1.62	-0.01%	0.56%	10.24%
GBP / CAD	1.85	0.02%	0.33%	4.04%
CAD / JPY	111.68	-0.18%	1.01%	4.29%
CAD / CHF	0.58	0.23%	0.03%	-8.98%
CAD / CNY	5.06	0.50%	-0.40%	-2.22%
CAD / INR	63.93	1.34%	1.08%	6.19%
AUD / CAD	0.91	0.39%	-0.17%	0.75%
NZD / CAD	0.80	1.25%	-0.06%	-3.04%
CAD / MXN	13.12	-0.36%	-1.34%	-9.87%

Canadian Dollar Monthly Forecast

Looking ahead, forecasts for December 2025 suggest a broadly stable but gradually improving backdrop for the Canadian dollar. USD/CAD is expected to edge lower through mid-2026, pointing to a mild strengthening bias for the loonie as rate differentials narrow and economic conditions stabilise. EUR and GBP cross rates remain slightly elevated, reflecting ongoing policy divergence with Europe, while CAD is projected to firm against Asian currencies such as the yuan and rupee. Modest gains against the Mexican peso also hint at improving relative momentum. Overall, the outlook signals steady, incremental CAD resilience rather than any dramatic shifts.

Currency Pair	Dec 2025	Mar 2026	Jun 2026	Sep 2026
USD / CAD	1.38	1.38	1.37	1.36
EUR / CAD	1.63	1.66	1.66	1.63
GBP / CAD	1.82	1.85	1.86	1.85
CAD / JPY	113.00	112.30	112.40	111.80
CAD / CHF	0.59	0.59	0.60	0.60
CAD / CNY	5.14	5.16	5.17	5.20
CAD / INR	65.38	65.53	65.99	66.17
AUD / CAD	0.90	0.90	0.89	0.90
NZD / CAD	0.79	0.79	0.78	0.79
CAD / MXN	13.65	13.77	14.02	14.12

Key Economic Events This Month

December brings a packed economic calendar that will heavily influence both the Canadian dollar and broader North American market sentiment. Early in the month, remarks from Fed Chair Powell and the ADP jobs report set the tone for USD movement, while Canada’s trade balance and labour market data offer key insight into domestic momentum. Mid-month features major policy decisions from both the Bank of Canada and the Federal Reserve, alongside crucial inflation readings that may shape expectations for 2026 rate paths. Housing and retail figures on both sides of the border add another layer of direction, while late-month releases such as US GDP, durable goods, and the FOMC minutes could still spark year-end volatility despite holiday-thinned trading conditions.

Currency	Date	Event
USD	Dec 1, 2025	Fed Chair Powell Speaks
USD	Dec 3, 2025	ADP Nonfarm Employment Change
CAD	Dec 4, 2025	Trade Balance
CAD	Dec 5, 2025	Employment Change
CAD	Dec 5, 2025	Unemployment Rate
USD	Dec 5, 2025	Core PCE Price Index
USD	Dec 10, 2025	Inflation Rate
CAD	Dec 10, 2025	BoC Interest Rate Decision
USD	Dec 10, 2025	Fed Interest Rate Decision
CAD	Dec 12, 2025	Building Permits
CAD	Dec 15, 2025	Housing Starts
CAD	Dec 15, 2025	Inflation Rate
USD	Dec 16, 2025	Nonfarm Payrolls
USD	Dec 17, 2025	Retail Sales
CAD	Dec 19, 2025	Retail Sales
USD	Dec 23, 2025	GDP Growth Rate
USD	Dec 24, 2025	Durable Goods Orders
USD	Dec 24, 2025	Christmas
CAD	Dec 24, 2025	Christmas
CAD	Dec 25, 2025	Boxing Day
USD	Dec 30, 2025	FOMC Minutes

Upcoming Central Bank Meetings

December’s policy calendar is set to be a major driver of global currency movements, with several key central banks delivering their final interest rate decisions of the year. Canada and the United States kick things off on December 10, where back-to-back announcements from the Bank of Canada and the Federal Reserve will shape North American rate expectations and set the tone for CAD and USD trading into 2026. A week later, attention shifts to Europe and Asia as the European Central Bank, Bank of Japan and Bank of England all issue their December decisions on the same day. With each region facing different inflation trends and growth pressures, markets may see heightened volatility as investors recalibrate their outlook across major currencies.

Country	Date	Event
Canada	Dec 10, 2025	Bank of Canada Interest Rate Decision
United States	Dec 10, 2025	Federal Reserve Interest Rate Decision
Europe	Dec 18, 2025	European Central Bank Interest Rate Decision
Japan	Dec 18, 2025	Bank of Japan Interest Rate Decision
United Kingdom	Dec 18, 2025	Bank of England Interest Rate Decision

Written by

Ash Abbasi

Director of Sales

Ash Abbasi is the Director of Sales at MTFX, specializing in corporate FX and cross-border payment solutions for Canadian businesses. With a background in sales leadership and account management across global markets, he helps clients optimize international transactions and manage currency risk. Ash holds a degree from Aston Business School and a postgraduate diploma from Humber College.

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How to read the CAD forecast?

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The forecast shows you where the Canadian dollar is expected to head over the next few months, based on key market data and trends. Just pick the currency pair you care about (like CAD to the US dollar), and look across the quarters to see how the rate is projected to change.

If the future exchange rate is higher, it could mean the Canadian dollar is expected to weaken against the US dollar. If it’s lower, the loonie might be gaining strength. The Canadian dollar forecast can help you decide when to exchange, transfer, or hold off, giving you more control over your international payments.

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Understanding volatility and risk in FX markets

Foreign exchange markets are highly sensitive to global events, including geopolitical tensions, economic data releases, and central bank decisions, and understanding trends can be crucial for navigating these changes. These factors can trigger sudden shifts in currency values, especially for currencies like the Canadian dollar and the US dollar. As a result, the Canadian dollar forecast can quickly change when new information impacts market sentiment.

For instance, an unexpected interest rate hike, a surprise inflation reading, or political instability can cause the CAD to strengthen or weaken rapidly. That’s why forecasts should be seen as directional insights rather than fixed outcomes; they’re based on current conditions but remain vulnerable to volatility.