Recently the Canadian dollar has made large gains on the US dollar.
Because I have money in US dollar accounts, I need to know if the US
dollar's value will increase compared to the Canadian dollar.
What are the future predictions for the Canadian-to-US dollar exchange
rate for the next 3-6 months, and year? Is the exchange rate ever
expected to again approach the 1.5 US$ to Can$ exchange rate? Please
indicate short-term (next 3-6 months) and long term (within a year or
so) predictions.
Thank you.

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Request for Question Clarification by easterangel-ga on 16 May 2003 04:30 PDT

Hi! I was able to find forecast only for 6 months. Will this be
considered as a legitimate answer? If you agree I will post it as an
answer and collect the fee. :)

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Clarification of Question by cym-ga on 16 May 2003 09:21 PDT

Unfortunately, I need to have some information on its future status in
the long term, bigger or equal to a year. Just a note, please make
sure you don't just rely on one source.

Hello cym-ga:

Following is the long and short term predictions from the four highly
reliable sources. If you want a detailed extended forecast, please
consult http://www.forecasts.org/extendedsubscribe.htm

SHORT TERM PREDICTIONS
http://www.marketvector.com/exchange-rate/cdollar.htm
Source: MarketVector.
This is the leading source of information where the financial
companies get their data.

LONG TERM PREDICTIONS
http://www.fxstreet.com/images/graf/forecast.pdf
Source: The Forex market

http://www.scotiacapital.com/English/bns_econ/forecast.pdf
Source: Scotia Capital

3-6-12 MONTH PREDICTIONS
http://biz.yahoo.com/ifc/ca/currency.html
Source: Yahoo Finance

OTHER PREDICTIONS
US Dollar will bounce back in First quarter of 2004 against the
Canadain Dollar.
Article: http://www.workopolis.com/servlet/Content/fasttrack/20030418/RECON?section=Bruce_Little

"We believe that the U.S. dollar is about halfway home to a
sustainable level, and expect its continued depreciation to take the
Canadian dollar to about 70 U.S. cents in the next 12 months."
Article:http://www.edc.ca/docs/ereports/commentary/weekly_commentary_e_350.htm

U.S. weakness spills over to Canada, but the tide will turn
Article: http://www.td.com/communicate/200303103.html

Canadian Dollar will be strong against the US dollar in the coming
future.
Article: http://www.globalinsight.com/Perspective/PerspectiveDetail317.htm

"The Canadian dollar will rise modestly, to 65 U.S. cents by the end
of 2002, and to 67 U.S. cents by the end of 2003".
http://www.canadausinvestment.com/Caninfo2.htm

Day by Day Historical Prices
http://www.economagic.com/em-cgi/data.exe/fedny/day-fxca2us

I hope this will help. Please clarify if you donot feel satisfied.

Sincerely,
Leader-ga.

Very good information. Only issue is that some 3-6-12 month
predictions were old documents from months ago and thus are unusuable.