How often is the Canadian dollar forecast updated?

The Canadian dollar forecast is typically updated on a monthly basis or whenever new projections are released by major banks. This ensures you have access to the most recent data when planning currency transfers.

Are there tools available to set alerts for specific currency rates?

Absolutely. MTFX offers tools that allow users to set rate alerts for specific currency pairs. When the desired rate is reached, users receive notifications, enabling timely decision-making for their currency exchanges.

How does the forecast help with foreign currency planning?

The foreign currency forecast provides context for how different currencies may move over time. This is valuable for businesses managing international transactions or individuals sending money abroad.

Does the forecast only cover CAD, or other currencies too?

While focused on the Canadian dollar forecast, the tool also includes projections for key currency pairs like USD, EUR, GBP, and JPY, helping you understand a broader foreign currency forecast landscape.

How accurate is the CAD to USD forecast on this page?

While no forecast is 100% accurate, the CAD to USD forecast featured here is based on insights from five major Canadian banks. This multi-source approach offers a balanced and credible view of potential exchange rate movements.

Canadian Bank Exchange Rate Forecasts for USD/CAD, EUR/CAD & GBP/CAD

Date : June 16, 2025

Stay informed with the latest exchange rate forecasts from Canada’s top financial institutions. This page brings together updated FX predictions for the most-watched currency pairs: USD/CAD, EUR/CAD, and GBP/CAD. Whether you're managing international business payments, converting funds for global investments, or simply tracking currency movements, these forecasts provide valuable guidance.

Canadian bank projections help you assess where the Canadian dollar may be headed in the short and medium term, based on market trends, historical performance, and current global conditions. Use this data to identify potential currency risks, unlock better timing for your transfers, and optimize your foreign exchange strategy.

USD/CAD Forecast & Outlook – June 2025

USD/CAD has pulled back toward 1.3600 in June 2025, as CAD strength holds on neutral BoC policy, firm economic data, and steady oil prices—despite ongoing trade risks.

USD Outlook

The US dollar has slipped to multi-month lows amid declining inflation and growing market bets on rate cuts by September. While easing trade tensions have calmed some risk aversion, geopolitical uncertainty and volatile commodity prices remain headwinds. The Fed is expected to keep rates steady in June, but the market focus will be on updated economic projections. Without a material rebound in inflation, USD is likely to remain on the defensive.

Canadian Dollar (CAD) Outlook

The Canadian dollar has strengthened this month, with USD/CAD pulling back from the early-June highs toward the 1.3600 level. Technical indicators suggest the pair may be oversold in the short term, with potential for a temporary bounce. The Bank of Canada held rates steady at 2.75% in June, and while future cuts remain possible, the neutral stance has helped support CAD. Strong domestic growth data and stable oil prices have also contributed to the loonie’s resilience. Unless trade tensions with the US escalate further, the Canadian dollar is likely to maintain its recent gains through the remainder of the month.

USD/CAD Forecasts - June 2025

Bank	Jun 15, 2025 Spot	Q3 2025 (forecast)	Q4 2025 (forecast)	Q1 2026 (forecast)	Q2 2026 (forecast)
BMO	1.36	1.37	1.35	1.35	1.34
CIBC	1.36	1.37	1.36	1.36	1.35
Desjardins	1.36	1.36	1.35	1.30	1.30
BNS	1.36	1.36	1.34	1.32	1.32
TD	1.36	1.38	1.37	1.36	1.35
Average	1.36	1.37	1.35	1.34	1.33

EUR/CAD – Forecast & Outlook – June 2025

EUR/CAD is expected to rise modestly toward 1.580 in June 2025, driven by ECB rate cuts and stabilized banking policy in Europe, while the Canadian dollar remains sensitive to inflation, oil prices, and trade dynamics.

EUR Outlook

EUR/CAD started the month around 1.569 and is forecast to edge higher toward the 1.577–1.580 range by the end of June. The euro gained support following a recent rate cut by the European Central Bank, with policymakers expected to pause further easing for now. On the Canadian side, inflation data has come in stronger than expected, making a near-term rate cut less certain. However, the loonie remains sensitive to shifts in oil prices and trade developments. Overall, EUR/CAD may see a modest upward trend through the month unless major external shocks intervene.

EUR/CAD Dollar Forecasts - June 2025

Bank	Jun 15, 2025 Spot	Q3 2025 (forecast)	Q4 2025 (forecast)	Q1 2026 (forecast)	Q2 2026 (forecast)
BMO	1.57	1.56	1.55	1.55	1.56
CIBC	1.57	1.59	1.58	1.59	1.59
Desjardins	1.57	1.59	1.59	1.56	1.56
BNS	1.57	1.58	1.55	1.56	1.56
TD	1.57	1.55	1.57	1.59	1.61
Average	1.57	1.57	1.57	1.57	1.58

GBP/CAD Forecast & Outlook – June 2025

GBP/CAD is forecast to slide lower in June 2025, driven by weaker pound technicals and steadier Canadian dollar support; oil prices and BoC policy remain key influencers.

GBP Outlook

The British pound is under mild pressure in June as softer UK economic data and lingering uncertainty around Bank of England policy weigh on sentiment. While inflation has eased, growth indicators remain mixed, limiting expectations for aggressive monetary tightening. At the same time, the Canadian dollar is holding firm on stable oil prices and a cautious but steady Bank of Canada stance. As a result, GBP/CAD is expected to drift lower by month-end, with limited upside unless UK data surprises to the upside.

GBP/CAD Dollar Forecasts - June 2025

Bank	Jun 15, 2025 Spot	Q3 2025 (forecast)	Q4 2025 (forecast)	Q1 2026 (forecast)	Q2 2026 (forecast)
BMO	1.84	1.82	1.80	1.79	1.78
CIBC	1.84	1.88	1.85	1.88	1.88
Desjardins	1.84	1.84	1.84	1.79	1.79
BNS	1.84	1.90	1.88	1.89	1.89
TD	1.84	1.83	1.85	1.88	1.89
Average	1.84	1.85	1.84	1.85	1.85

What makes MTFX Canadian dollar forecast a trusted source?

An FX forecast is more than a prediction — it’s a practical planning tool that helps you make informed financial decisions in a volatile market. MTFX compiles Canadian dollar forecasts from five of Canada’s leading financial institutions to offer a balanced, unbiased view of where major currency pairs may be headed.

Since no single forecast is perfectly accurate, combining insights from multiple banks provides a more reliable outlook by reducing bias and incorporating diverse economic perspectives. It also serves as a sentiment indicator, showing where market expectations may be extreme. Our FX forecast helps you time transactions and manage risk more effectively.