Exchange Rate in Canada
Inflation edged up to 4.4% in April, following March’s 4.3% and contrasting market expectations for a decline. Inflation should move back within the Central Bank’s 1.0–3.0% target range in H2, supported by improved global supply chains and a more favorable base effect. However, inflation is only forecast to return to the midpoint of the target range in late-2024.
Canada Exchange Rate Chart
Canada Exchange Rate Data
|Exchange Rate (CAD per USD, eop)||1.25||1.37||1.30||1.27||1.26|