Canadian Dollar Expected to Appreciate Against U.S. Dollar, Reuters Survey Finds

A recent Reuters survey indicates that the Canadian dollar is expected to appreciate by 1.4% against the U.S. dollar over the next three months, reaching a rate of 1 USD to 1.37 CAD. According to Jin10, this projection contrasts with the May survey, which anticipated a rate of 1.3667. Additionally, the survey forecasts a 3.7% appreciation of the Canadian dollar over the next 12 months, with an expected rate of 1 USD to 1.34 CAD, compared to the May prediction of 1.3433.