Commodity market report
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3 Pages

Canada exchange rate outlook Q3 2015

Canada exchange rate outlook Q3 2015

Report summary

The Canadian dollar has depreciated by 40% over the past four years. This has been driven by lower commodity prices, particularly oil. While the current exchange rate is reasonable given Canada's economy is in recession and global conditions are challenging, the Canadian dollar is extremely weak by historical standards. We see scope for a limited recovery over the next few years.

What's included?

This report includes 2 file(s)

  • Canada exchange rate outlook Q3 2015 PDF - 345.53 KB 3 Pages, 1 Tables, 4 Figures
  • Exchange Rate Forecast Q3 2015 (portal).xls XLS - 116.00 KB


This Exchange Rate Outlook presents Wood Mackenzie's annual bilateral exchange rate forecast to 2035.

Our comprehensive understanding of commodity markets gives us a unique insight into the outlook for commodity currencies.

We forecast bilateral exchange rates by assessing fundamental drivers, including interest rate differentials, relative economic growth rates, productivity of the tradable goods sector, and the current account balance.

Wood Mackenzie's macroeconomic forecasts underpin all our commodity demand analysis, ensuring we continually deliver an integrated and consistent view.

  • Executive summary

In this report there are 5 tables or charts, including:

  • Executive summary
    • Exchange rate forecasts
    • Canadian dollar per USD: nominal exchange rate
    • Canadian dollar trade-weighted real exchange rate
    • Terms of trade
    • Canada key interest rates
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