in Canada and will attract flows of funds in to Canada. . Canadian and US equity markets impacting the Canadian dollar forecast. Canadian dollar forecast for tomorrow, next week, forex cfd wikipedia or next month, visit our blog or refer to the table above. The Canadian dollar has been fluctuating over the last several years. It has been above parity, below parity, back above parity, and now below parity.
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Other Factors There are a number of other factors that can influence the currency. . Commodity prices, similar to oil prices, often move in tandem with the Canadian dollar. If interest rates are low, then sometimes the Canadian dollar will be weak as a result. Currency I Want, rate: Find a No-Fee.S. If Canadian interest rates are moving higher or are expected to move higher, this could imply that more people will move money in to Canada to take advantage of the higher interest rates in Canada. .
The days of the Canadian dollar at parity with the US dollar are long gone. Therefore a more favorable rate is applied to non-cash instruments.
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