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What factors will increase the value of CAD?
March 18, 2020
12:47 pm
mapleleafman
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Curious on future prospects of CAD value. Im an American paid in CAD who converts to USD. CAD has dropped like a rock and im considering sitting on my CAD until the exchange is better.

Do you think CAD will increase in value later in 2020? Why or why not?

March 18, 2020
1:16 pm
Doug
British Columbia, Canada
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mapleleafman said
Curious on future prospects of CAD value. Im an American paid in CAD who converts to USD. CAD has dropped like a rock and im considering sitting on my CAD until the exchange is better.

Do you think CAD will increase in value later in 2020? Why or why not?  

Short answer: no. I expect CAD to decline further to the $0.60 USD range. It may appreciate modestly, from $0.60-0.65 USD, up to around the current level to possibly $0.75.

It would take an LNG terminal on the east coast and the west coast coming online, TransMountain and Keystone XL being completed and fully contracted, WTI going back to $50 USD (or higher), and substantially increased foreign investment dollars (i.e., foreign takeovers of Canadian companies) to boost the CAD back above $0.80, in my view.

Cheers,
Doug

March 18, 2020
8:13 pm
AltaRed
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I dont think so The lowest CAD got was about 63 cents during our debt crisis in the mid-90s.

We are still a petro-dollar to some degree and it will stay low until the Saudis and Russians stop quarreling and we get back to $50 oil. Then I see a recovery to maybe 75 cents. I wouldn't count on it getting much above that.

March 18, 2020
8:28 pm
mapleleafman
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AltaRed said
I dont think so The lowest CAD got was about 63 cents during our debt crisis in the mid-90s.

We are still a petro-dollar to some degree and it will stay low until the Saudis and Russians stop quarreling and we get back to $50 oil. Then I see a recovery to maybe 75 cents. I wouldn't count on it getting much above that.  

I live in the states but kept 95% of my money in CAD. Im kinda stuck and dont want to convert anything until the price goes back up to around 75 cents. Ohhh I yearn for the days that it was on par!

March 19, 2020
1:05 pm
savemoresaveoften
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$0.60 is too bearish/ Canada ending thought in my mind. Personally targetting 0.65-0.67 area to convert my USD back to CAD. Obviously old enough to say "never say never" but missing out that extra $0.05 if it does happen is ok with me.

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