Canadian Dollar Monthly Exchange Rates Forecast - January 2025
FX monthly forecasts and economic analysis for Canada, the US and key international economies.
CAD Crosses Exchange Rate Analysis
| Currency Pair | Dec 31, 2024 | Weekly Change | Monthly Change | Yearly Change |
|---|---|---|---|---|
| USD / CAD | 1.44 | -0.03% | 2.37% | 7.86% |
| EUR / CAD | 1.49 | -0.61% | 0.97% | 2.33% |
| GBP / CAD | 1.80 | -0.04% | 1.22% | 6.68% |
| CAD / JPY | 109.56 | -0.81% | 2.30% | 1.37% |
| CAD / CHF | 0.63 | 0.69% | -0.29% | -1.21% |
| CAD / CNY | 5.08 | 0.11% | -2.07% | -5.29% |
| CAD / INR | 59.53 | 0.58% | -1.10% | -4.57% |
| AUD / CAD | 0.89 | -0.26% | -1.97% | -0.55% |
| NZD / CAD | 0.83 | -0.30% | -2.35% | -3.15% |
| CAD / MXN | 14.54 | 2.81% | 0.04% | 13.35% |
Canadian Dollar Monthly Currency Forecast
| Currency Pair | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|
| USD / CAD | 1.44 | 1.43 | 1.40 | 1.39 |
| EUR / CAD | 1.46 | 1.45 | 1.44 | 1.44 |
| GBP / CAD | 1.77 | 1.76 | 1.75 | 1.75 |
| CAD / JPY | 108.71 | 108.47 | 109.03 | 109.83 |
| CAD / CHF | 0.64 | 0.65 | 0.66 | 0.67 |
| CAD / CNY | 5.17 | 5.25 | 5.32 | 5.37 |
| CAD / INR | 59.91 | 60.18 | 60.77 | 61.42 |
| AUD / CAD | 0.90 | 0.90 | 0.88 | 0.88 |
| NZD / CAD | 0.81 | 0.81 | 0.80 | 0.81 |
| CAD / MXN | 14.65 | 14.47 | 14.55 | 14.69 |
Key Economic Events This Month
| Currency | Date | Event |
|---|---|---|
| USD | Jan 8, 2025 | ADP Nonfarm Employment Change |
| USD | Jan 10, 2025 | Nonfarm Payrolls |
| USD | Jan 10, 2025 | Unemployment Rate |
| CAD | Jan 10, 2025 | Unemployment Rate |
| CAD | Jan 10, 2025 | Employment Change |
| USD | Jan 14, 2025 | Producer Price Index |
| USD | Jan 15, 2025 | Inflation Rate |
| USD | Jan 16, 2025 | Retail Sales |
| CAD | Jan 16, 2025 | Housing Starts |
| USD | Jan 17, 2025 | Housing Starts |
| CAD | Jan 21, 2025 | Inflation Rate |
| USD | Jan 29, 2025 | Goods Trade Balance |
| USD | Jan 31, 2025 | Core PCE Price Index |
| CAD | Jan 31, 2025 | GDP |
Upcoming Central Bank Meetings
| Country | Date | Event |
|---|---|---|
| Japan | Jan 24, 2025 | Bank of Japan Interest Rate Decision |
| Canada | Jan 29, 2025 | Bank of Canada Interest Rate Decision |
| United States | Jan 29, 2025 | Federal Reserve Interest Rate Decision |
| Europe | Jan 30, 2025 | European Central Bank Interest Rate Decision |
| England | Feb 6, 2025 | Bank of England Interest Rate Decision |
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