Canadian Dollar Forecast to Strengthen 4.3% Over 12 Months in Reuters Poll

A Reuters poll forecast that the Canadian dollar is expected to appreciate 4.3% over the next 12 months, with the exchange rate seen at 1 U.S. dollar to 1.36 Canadian dollars. According to Jin10, the June survey had expected the rate to be 1 U.S. dollar to 1.34 Canadian dollars. The poll also forecast that the Canadian dollar is expected to appreciate 1.3% over the next three months, with the exchange rate seen at 1 U.S. dollar to 1.40 Canadian dollars. The June survey had expected the rate to be 1 U.S. dollar to 1.37 Canadian dollars.