Skip to main content

Canadian dollar likely to tumble next year

The Bank of Canada’s unexpectedly aggressive monetary tightening this year, which stands in stark contrast to the Fed’s over-cautious approach, largely explains the surge in the Canadian dollar this year. We expect that script to be turned on its head next year. After ending this year at US$0.81, we expect the Canadian dollar to fall back to US$0.75 by end-2018.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.

By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.