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Since the beginning of 2024, the US dollar has been steadily gaining ground against its Canadian counterpart. Let’s delve into whether these numbers stand out compared to other major currency pairs and what to expect from the Canadian dollar in 2024 and 2025.
Looking at a one-year timeframe, one can notice that the CAD has been even more resilient than the euro. Furthermore, it's important to acknowledge the geographical proximity between the US and Canada. This proximity is significant because the. For instance, a slowdown in economic activity in the United States can spell trouble for Canadian exports. Admittedly, the disparity in movements between the USD and CAD may not be as dramatic as with other major currencies.
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