Canadian Dollar Monthly Exchange Rates Forecast - November 2025
Access the latest CAD forecast along with major economic event listings. Track projected currency movements and key market drivers to make better-timed international transfers or hedging decisions.
CAD steady as BoC and Fed move to the sidelines; oil near $60 keeps gains capped
Into November, USD/CAD is trading near 1.40 after both central banks delivered 25 bps cuts at the end of October. The BoC is now signalling it is likely done for the year, while the Fed hinted it may pause as well. That narrows interest-rate spreads and gives CAD a mild support tone, but with oil around the low-$60s, upside in CAD remains limited.
Canadian Dollar Performance
| Currency Pair | Nov 02, 2025 | Weekly Change | Monthly Change | Yearly Change |
|---|---|---|---|---|
| USD / CAD | 1.40 | 0.28% | 0.55% | 0.92% |
| EUR / CAD | 1.62 | -0.82% | -1.37% | 6.87% |
| GBP / CAD | 1.84 | -1.26% | -2.04% | 2.28% |
| CAD / JPY | 109.96 | 0.55% | 3.95% | 0.41% |
| CAD / CHF | 0.57 | 1.13% | 0.86% | -7.47% |
| CAD / CNY | 5.08 | -0.18% | -0.58% | -0.65% |
| CAD / INR | 63.34 | 0.36% | -0.50% | 4.58% |
| AUD / CAD | 0.92 | 0.24% | -0.21% | 0.47% |
| NZD / CAD | 0.80 | -0.56% | -1.34% | -3.31% |
| CAD / MXN | 13.24 | 0.42% | 0.17% | -8.58% |
Canadian Dollar Monthly Forecast
| Currency Pair | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|
| USD / CAD | 1.38 | 1.38 | 1.37 | 1.36 |
| EUR / CAD | 1.62 | 1.63 | 1.63 | 1.63 |
| GBP / CAD | 1.84 | 1.85 | 1.86 | 1.86 |
| CAD / JPY | 103.00 | 101.00 | 100.00 | 100.00 |
| CAD / CHF | 0.59 | 0.59 | 0.59 | 0.60 |
| CAD / CNY | 5.15 | 5.14 | 5.17 | 5.20 |
| CAD / INR | 64.13 | 63.91 | 64.09 | 64.34 |
| AUD / CAD | 0.91 | 0.91 | 0.90 | 0.90 |
| NZD / CAD | 0.77 | 0.76 | 0.74 | 0.75 |
| CAD / MXN | 13.65 | 13.77 | 14.01 | 14.12 |
Key Economic Events This Month
| Key Economic Events This Month | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CAD | Nov 3, 2025 | BoC Gov Macklem Speaks | ||||||||||||
| CAD | Nov 4, 2025 | Trade Balance | ||||||||||||
| USD | Nov 4, 2025 | Trade Balance | ||||||||||||
| USD | Nov 4, 2025 | JOLTS Job Openings | ||||||||||||
| USD | Nov 5, 2025 | ADP Nonfarm Employment Change | ||||||||||||
| CAD | Nov 7, 2025 | Employment Change | ||||||||||||
| CAD | Nov 10, 2025 | Remembrance Day | ||||||||||||
| CAD | Nov 12, 2025 | Building Permits | ||||||||||||
| USD | Nov 13, 2025 | Inflation Rate | ||||||||||||
| CAD | Nov 17, 2025 | Inflation Rate | ||||||||||||
| CAD | Nov 18, 2025 | Housing Starts | ||||||||||||
| CAD | Nov 21, 2025 | Retail Sales | ||||||||||||
| USD | Nov 26, 2025 | Core PCE Price Index | ||||||||||||
| USD | Nov 26, 2025 | Durable Goods Orders | ||||||||||||
| CAD | Nov 28, 2025 | GDP Growth Rate | ||||||||||||
Upcoming Central Bank Meetings
| Country | Date | Event |
|---|---|---|
| United Kingdom | Nov 6, 2025 | Bank of England Interest Rate Decision |
| 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 |
Currency market updates
Track key currency movements and plan your transfers with confidence.
Switch to MTFX for better exchange rates, lower fees, and real savings on foreign currency transfers.
We make sending money simple
Personal transfers
Sending money abroad? We’ve got you covered with low fees, great rates and no hassle.
Business transfers
Global payments made easy, with fast transfers, great exchange rates and personalized service.
Ecommerce transfers
Get paid, no matter where your customers are. Simple, secure payments for your online store.
How to send money with MTFX
Open your personal or business account and start saving on international money transfers.
- 1Sign up for free
Create your account in less than five minutes—no setup fees or hidden charges.
- 2Get a real-time exchange rate
Instantly access competitive exchange rates for your transfer amount and destination.
- 3Enter recipient information
Provide your recipient’s banking details to ensure fast and secure delivery of funds.
- 4Confirm and send your transfer
Review the details, complete your transaction, and track your transfer every step of the way.
How to read CAD forecast?
The forecast shows you where the Canadian dollar is expected to head over the next few months, based on key market data. Just pick the currency pair you care about (like CAD to USD), and look across the quarters to see how the rate is projected to change.
If the future rate is higher, it could mean the Canadian dollar is expected to weaken. If it’s lower, the loonie might be gaining strength. These forecasts can help you decide when to exchange, transfer, or hold off, giving you more control over your international payments.
How to read CAD forecast?
The forecast shows you where the Canadian dollar is expected to head over the next few months, based on key market data. Just pick the currency pair you care about (like CAD to USD), and look across the quarters to see how the rate is projected to change.
If the future rate is higher, it could mean the Canadian dollar is expected to weaken. If it’s lower, the loonie might be gaining strength. These forecasts can help you decide when to exchange, transfer, or hold off, giving you more control over your international payments.
Understanding volatility and risk in FX markets
Foreign exchange markets are highly sensitive to global events, from geopolitical tensions and economic data to central bank decisions. These factors can trigger sudden shifts in currency values, especially for currencies like the Canadian dollar. As a result, the Canadian dollar exchange rate forecast can quickly change when new information impacts market sentiment.
Unexpected interest rate hikes, surprise inflation readings, or political instability can cause the Canadian dollar to strengthen or weaken rapidly. That’s why forecasts should be viewed as directional insights rather than fixed outcomes—they are based on current conditions but remain susceptible to sudden market volatility.
With MTFX, you can send money to over 190 countries in 50+ currencies—quickly, securely and at competitive rates.
