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Canadian Dollar to Euro (CAD/EUR) Forecast for 2024, 2025, 2026. Sell or Buy?
Updated: December 5, 2024 (8:08)
Reverse forecast: EUR to CAD
Canadian Dollar / Euro price online today
| Now | Tomorrow | 7 Days | 30 Days | |
|---|---|---|---|---|
| 100 Canadian Dollar (CAD) to Euro (EUR) | 67.7 | 67.9 | 66.7 | |
| 200 Canadian Dollar (CAD) to Euro (EUR) | 135.4 | 135.8 | 133.4 | |
| 500 Canadian Dollar (CAD) to Euro (EUR) | 338.4 | 339.6 | 333.5 | |
| 1000 Canadian Dollar (CAD) to Euro (EUR) | 676.8 | 679.2 | 666.9 | |
| 3000 Canadian Dollar (CAD) to Euro (EUR) | 2030.4 | 2037.6 | 2000.7 |
How much will the CAD/EUR currency pair cost in 2025, 2026 and 2027? What is the forecast for the CAD/EUR currency pair? What is the target price of the Canadian Dollar / Euro currency pair for 2025-2027?
We continuously scrutinize the key events in the news flow to assist you in tackling the essential question: Will the Canadian Dollar rise or fall against the Euro?
Identifying the trend of the CAD/EUR currency pair
The recent announcements present a mixed picture for the CADEUR exchange rate. Notably, the Euro Manganese's amendment to its funding package and the ECB's advancements in offline digital euro payments both suggest a positive impact on the Euro, potentially leading to increased investor confidence. These developments are signified by the somewhat-bullish sentiment scores associated with the Euro.
Conversely, France's political instability introduces potential headwinds for the Euro, as slowing economic growth and increasing public debt create uncertainty. Such factors could weigh heavily on the investor outlook, possibly capping any substantial gains the Euro might experience from the aforementioned positive news.
The neutral sentiment labels related to Bitcoin's speculative surge indicate that while it is a noteworthy development, it does not exert a direct influence on the Euro. Investors are likely to remain watchful, with the focus primarily on Eurozone fiscal policies and economic stability concerning rates.
In conclusion, while positive corporate and digital currency developments bolster the Euro, political and fiscal challenges in France may counteract these gains, resulting in a cautious approach among investors regarding the CADEUR valuation in the short term.
CAD Trend Prediction
As of now, Panda has analyzed 7 news pieces concerning the CAD currency. The average relevance score for these news items is 0.24 (with the closer to 1 being more relevant).|
2024-11-27
|
Bearish | Impact: -0.38 | News: 1 (0/0/1) |
|
2024-11-26
|
Neutral | Impact: -0.03 | News: 2 (0/2/0) |
|
2024-11-21
|
Bullish | Impact: 0.17 | News: 1 (1/0/0) |
|
2024-11-08
|
Bullish | Impact: 0.21 | News: 1 (1/0/0) |
|
2024-10-30
|
Neutral | Impact: -0.06 | News: 1 (0/1/0) |
|
2024-10-29
|
Bullish | Impact: 0.17 | News: 1 (1/0/0) |
Canada Prepares Tariffs In Response to Trump, Potential Loonie Weakness Looms
November 27, 2024 (21:45)
Trend: Bearish
Influence: -0.38
The threat of new U.S. tariffs on Canadian imports has increased uncertainty in Canada's trade outlook, leading to a weaker sentiment towards the CAD. Retaliatory measures by Canada could exacerbate tensions and impact the Canadian economy, contributing to the bearish outlook on the exchange rate.
Goldman Sachs Predicts Weakening of Canadian Dollar and Mexican Peso Due to Trump's Tariff Concerns
November 26, 2024 (21:48)
Trend: Neutral
Influence: -0.02
The Canadian dollar's potential selloff can be attributed to the anticipated disruption in trade flows and economic relations, as described in President-elect Trump's tariff proposals. The introduction of these tariffs could destabilize the benefits negotiated under the USMCA agreement, leading to weakened investor confidence and impacting the exchange rate negatively.
EUR Trend Forecasting
Regarding the EUR currency, 56 news pieces were analyzed. The average relevance of these news items is 0.34 (the closer to 1, the higher).|
2024-12-04
|
Neutral | Impact: 0.08 | News: 3 (1/2/0) |
|
2024-12-03
|
Neutral | Impact: 0.04 | News: 1 (0/1/0) |
|
2024-11-30
|
Neutral | Impact: -0 | News: 1 (0/1/0) |
|
2024-11-29
|
Neutral | Impact: -0.15 | News: 2 (0/1/1) |
|
2024-11-28
|
Bullish | Impact: 0.17 | News: 2 (1/1/0) |
|
2024-11-27
|
Neutral | Impact: 0.01 | News: 2 (0/2/0) |
|
2024-11-22
|
Neutral | Impact: 0.07 | News: 3 (1/2/0) |
Unieuro Shares: Voluntary Tender and Exchange Offer Announced
December 4, 2024 (17:15)
Trend: Neutral
Influence: 0.11
The announcement of a voluntary public tender and exchange offer for Unieuro shares might reflect confidence in the stability and potential growth of the Eurozone's retail sector, enhancing investor interest. Although the sentiment is marked as neutral, such corporate developments could signify underlying economic strength, slightly influencing the EUR exchange rate positively.
Euro Manganese Modifies Financial Agreement with Orion Resource Partners
December 4, 2024 (12:30)
Trend: Somewhat-Bullish
Influence: 0.23
The amendment to Euro Manganese's funding package suggests improved investor confidence in the company, which slightly supports the Euro due to the multinational nature of the deal and its potential positive economic repercussions. As the market perceives this as beneficial to the European economy, the EUR shows a somewhat-bullish sentiment.
This chart provides a comparative trend analysis of sentiment scores over time for CAD and EUR currencies, displaying their respective news coverage and associated sentiment.
By visualizing sentiment trends and news volume, investors and brokers can identify potential market-moving events, gauge market sentiment, and make more informed trading decisions.
Historical and forecast chart of the Canadian Dollar/Euro currency pair
The chart below shows the historical quotes of the CAD/EUR pair and the forecast chart for the next month. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. A detailed forecast of the Canadian Dollar/Euro rate can be found in the table below.
Long-term forecasts by years.
CAD Main News
CAD and MXN Slump After Trump's Tariff Plans Revealed
November 26, 2024 (14:27)
Trend: Neutral
Influence: -0.04
The announcement of significant tariffs by President-elect Donald Trump has caused concern over potential trade disruptions, negatively impacting the CAD. The Canadian dollar's slight negative sentiment indicates uncertainty in markets over how these tariffs could affect Canada's economy, given its close trading relationship with the U.S.
Invesco Canada Declares November 2024 Distributions for ETFs
November 21, 2024 (21:30)
Trend: Somewhat-Bullish
Influence: 0.17
The announcement of cash distributions by Invesco Canada for its ETFs likely has a somewhat bullish effect on the CAD, as it indicates a return of capital to investors, potentially increasing demand for Canadian assets. This positive sentiment can lead to a strengthening of the Canadian dollar as investors reposition themselves to benefit from the distributions.
BlackRock Canada Invites Unitholders to Discuss iShares ETF Investment Strategy Change
November 8, 2024 (22:34)
Trend: Somewhat-Bullish
Influence: 0.21
The announcement by BlackRock Canada to hold a special meeting for discussing changes in the investment objective of the iShares Premium Money Market ETF signals potential shifts in investment strategies that could affect capital flows into and out of Canada. This strategic move is perceived as a somewhat bullish indicator for the CAD, suggesting increased confidence in Canadian financial instruments.
Bitcoin Achieves Record €68K High Amid Gold Aspirations
October 30, 2024 (08:26)
Trend: Neutral
Influence: -0.06
The rising strength of Bitcoin, as it breaks fiat currency records, could lead investors to shift focus away from traditional currencies like the CAD. This potential shift in investment preferences may introduce slight downward pressure on the CAD, as indicated by the neutral sentiment score.
Bank of Canada Reports Mixed Reception to Digital Dollar
October 29, 2024 (08:30)
Trend: Somewhat-Bullish
Influence: 0.17
The Bank of Canada's findings that Canadians have mixed feelings about a digital dollar suggest a cautious approach, thereby slightly boosting confidence in traditional currencies like the CAD. The enduring trust in cash and card payments is likely contributing to a somewhat bullish sentiment, supporting the CAD exchange rate.
EUR Main News
Political Turmoil in France Threatens Economic Stability
December 4, 2024 (07:58)
Trend: Neutral
Influence: -0.11
The slowing economic growth and increasing public debt in France create uncertainty, negatively impacting investor confidence in the Euro. Although the sentiment is marked as neutral, the diminishing growth prospects and fiscal challenges pose risks that could weaken the EUR.
ECB Advances Offline Digital Euro Payment Features for Mobile Users
December 3, 2024 (14:56)
Trend: Neutral
Influence: 0.04
The news of the ECB making progress on offline digital euro payments could support the EUR by enhancing the currency's adoption through improved privacy and functionality. However, the current neutral sentiment indicates that the market is waiting for further developments or official implementations to react more decisively.
Kiyosaki Forecasts Bitcoin at $100,000: Potential Challenges for the Poor and Middle Class
November 30, 2024 (20:15)
Trend: Neutral
Influence: -0
The neutral effect on the EUR exchange rate suggests that the potential surge in Bitcoin does not significantly impact the economic factors driving the Euro. Despite warnings of wealth disparity, the news does not appear to directly affect Eurozone economic policies or demand for the currency.
Coinbase to Halt USDC Rewards in Europe Ahead of MiCA Rules
November 29, 2024 (11:34)
Trend: Neutral
Influence: -0.13
The ending of Coinbase's USDC rewards program in Europe reflects concerns over regulatory impacts, which could reduce investor confidence in the cryptocurrency market within the EU. This move may exert negative pressure on the EUR exchange rate as investors anticipate potential short-term instability in the financial ecosystem due to upcoming regulations.
Eurozone Inflation Reaches 2.3% in November, Aligning with Forecasts
November 29, 2024 (10:17)
Trend: Somewhat-Bearish
Influence: -0.17
The expectation of a 25 basis point interest rate cut by the ECB in December has led to a somewhat bearish sentiment for the euro, as lower interest rates typically reduce the currency's attractiveness to investors. As inflation meets expectations, the market anticipates further monetary easing, which pressures the EUR exchange rate downward.
Economic Challenges in Germany Eclipse China's Tariff Issues
November 28, 2024 (08:30)
Trend: Neutral
Influence: 0.12
The EUR exchange rate remains unaffected, showing a neutral sentiment, as markets have potentially already priced in Germany's economic challenges. Additionally, geopolitical tensions and declining exports contribute to investor caution without heavily impacting the currency's stability.
OKX Initiates Exchange and Web3 Wallet Services in Belgium
November 28, 2024 (08:00)
Trend: Somewhat-Bullish
Influence: 0.22
The launch of OKX's exchange and Web3 wallet services in Belgium signals increased investment and technological innovation in the region, potentially bolstering the EUR. This development could attract more investors into the European cryptocurrency market, slightly lifting the sentiment towards the euro exchange rate.
French Loan Fund Announces New Euro Medium Term Notes
November 27, 2024 (18:50)
Trend: Neutral
Influence: -0.1
The announcement of new EMTN by Caisse Française de Financement Local may have raised concerns about increased borrowing or financial commitments, given the slightly negative sentiment score of -0.098079. This may have created a neutral to slightly negative impact on the EUR, as it suggests caution or mixed reactions from investors regarding the Eurozone's financial landscape.
Tether Halts Euro-Backed Stablecoin Issuance Due to Regulatory Pressure
November 27, 2024 (15:56)
Trend: Neutral
Influence: 0.12
The discontinuation of the euro-backed stablecoin EURT suggests increasing regulatory scrutiny in Europe, which may lead to slightly increased uncertainty and impact investor confidence in the EUR. However, the neutral sentiment indicates that the direct effect on the euro's exchange rate is limited at this time.
European Commission Reduces EU GDP Growth Projections Citing Geopolitical Threats
November 22, 2024 (18:51)
Trend: Neutral
Influence: 0
The downgrade in GDP forecast by the European Commission indicates potential economic instability within the EU, influenced by ongoing geopolitical conflicts. As a result, the EUR exchange rate shows a neutral sentiment, reflecting cautious market reactions amidst these uncertainties.
Ferrari N.V.: Update on Multi-Year Share Buyback Initiative
November 22, 2024 (13:25)
Trend: Somewhat-Bullish
Influence: 0.25
Ferrari's substantial share buyback program, now in its fifth tranche, signals a strong financial position, likely boosting investor confidence in Eurozone markets. This activity contributes to a 'Somewhat-Bullish' sentiment on the EUR, as it indicates robust corporate health and potential positive economic impacts within the Euro area.
Spain Imposes $187 Million Fines on Budget Airlines for Excessive Cabin Luggage Charges
November 22, 2024 (11:28)
Trend: Neutral
Influence: -0.04
The imposition of hefty fines on major budget airlines by Spain can have a small negative effect on the EUR as it might shake investor confidence in the profitability of the low-cost airline sector, a notable component of the European market. The fines could potentially lower the airlines' revenues, thereby mildly impacting the overall economic sentiment within the Eurozone.
Unaudited Nine-Month Financial Results of JSC 'Siguldas' Show Mixed Performance
November 21, 2024 (14:10)
Trend: Somewhat-Bullish
Influence: 0.26
The increase in net turnover of 6.4% suggests a positive development in business operations, contributing to a somewhat bullish sentiment on the EUR. However, the decrease in profit before taxes may have limited the positive impact, reflecting mixed signals in the broader economic context for the currency.
Nykredit Realkredit A/S Updates Euro Medium Term Note Programme Terms
November 20, 2024 (07:47)
Trend: Neutral
Influence: 0
The update to the Euro Medium Term Note Programme by Nykredit Realkredit A/S is likely perceived as a routine financial adjustment with no immediate significant impact on the EUR exchange rate, as suggested by its neutral sentiment. This indicates that market participants view this news as maintaining the status quo rather than driving any new trends in the currency's valuation.
Russia-U.S. Geopolitical Strain Impacts Global Markets, Unsettling Nuclear Policies
November 19, 2024 (12:37)
Trend: Somewhat-Bullish
Influence: 0.15
The escalation in Russia-U.S. tensions has led investors to seek safer assets, which can typically put pressure on riskier currencies like the euro. However, the somewhat bullish sentiment suggests that perhaps the euro's relative stability or economic fundamentals are providing a cushion, preventing a more severe negative impact on its exchange rate.
Comprehensive Analysis of News and Events influencing the CADEUR currency pair
We predict the dynamics of currency pairs using resonant artificial intelligence systems. Technical, fundamental analysis, news background, general geopolitical situation in the world and other factors are taken into account.
The results of forecasts of the Canadian Dollar/Euro currency pair are shown below and presented in the form of charts, tables and text information, divided into time intervals (Next month, 2025, 2026 and 2027).
Forecasts are adjusted once a day taking into account the price change of the previous day.
Canadian Dollar / Euro Daily Forecast for a Month
| Date | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Dec 07 | 0.6768 | 0.6736 | 0.6788 | 0.77 % |
| Dec 08 | 0.6777 | 0.6768 | 0.6802 | 0.51 % |
| Dec 09 | 0.6810 | 0.6789 | 0.6834 | 0.66 % |
| Dec 10 | 0.6835 | 0.6801 | 0.6874 | 1.06 % |
| Dec 11 | 0.6821 | 0.6790 | 0.6846 | 0.82 % |
| Dec 12 | 0.6792 | 0.6771 | 0.6824 | 0.79 % |
| Dec 13 | 0.6790 | 0.6766 | 0.6825 | 0.87 % |
| Dec 14 | 0.6799 | 0.6777 | 0.6816 | 0.57 % |
| Dec 15 | 0.6804 | 0.6774 | 0.6819 | 0.67 % |
| Dec 16 | 0.6804 | 0.6785 | 0.6837 | 0.76 % |
| Dec 17 | 0.6830 | 0.6813 | 0.6853 | 0.58 % |
| Dec 18 | 0.6805 | 0.6768 | 0.6842 | 1.08 % |
| Dec 19 | 0.6806 | 0.6783 | 0.6824 | 0.60 % |
| Dec 20 | 0.6819 | 0.6798 | 0.6829 | 0.45 % |
| Dec 21 | 0.6777 | 0.6742 | 0.6812 | 1.03 % |
| Dec 22 | 0.6795 | 0.6766 | 0.6829 | 0.94 % |
| Dec 23 | 0.6782 | 0.6750 | 0.6807 | 0.85 % |
| Dec 24 | 0.6782 | 0.6745 | 0.6819 | 1.10 % |
| Dec 25 | 0.6775 | 0.6744 | 0.6803 | 0.88 % |
| Dec 26 | 0.6758 | 0.6730 | 0.6784 | 0.80 % |
| Dec 27 | 0.6766 | 0.6740 | 0.6776 | 0.53 % |
| Dec 28 | 0.6765 | 0.6736 | 0.6794 | 0.86 % |
| Dec 29 | 0.6744 | 0.6729 | 0.6758 | 0.43 % |
| Dec 30 | 0.6714 | 0.6684 | 0.6727 | 0.65 % |
| Dec 31 | 0.6694 | 0.6681 | 0.6729 | 0.72 % |
| Jan 01 | 0.6673 | 0.6663 | 0.6695 | 0.48 % |
| Jan 02 | 0.6661 | 0.6648 | 0.6691 | 0.65 % |
| Jan 03 | 0.6641 | 0.6610 | 0.6658 | 0.72 % |
| Jan 04 | 0.6673 | 0.6650 | 0.6709 | 0.89 % |
| Jan 05 | 0.6669 | 0.6636 | 0.6703 | 1.01 % |
Target daily price CAD/EUR
Target values of the CAD/EUR currency pair as of 12-07-2024.
Optimistic target level: 0.6788
Pessimistic target level: 0.6736
Target values of the CAD/EUR currency pair as of 12-08-2024.
Optimistic target level: 0.6802
Pessimistic target level: 0.6768
Target values of the CAD/EUR currency pair as of 12-09-2024.
Optimistic target level: 0.6834
Pessimistic target level: 0.6789
Target values of the CAD/EUR currency pair as of 12-10-2024.
Optimistic target level: 0.6874
Pessimistic target level: 0.6801
Target values of the CAD/EUR currency pair as of 12-11-2024.
Optimistic target level: 0.6846
Pessimistic target level: 0.6790
Canadian Dollar / Euro (CAD/EUR) Forecast 2025 Monthly
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jan | 0.6678 | 0.6587 | 0.6766 | 2.63 % |
| Feb | 0.6639 | 0.6573 | 0.6723 | 2.23 % |
| Mar | 0.6679 | 0.6599 | 0.6818 | 3.20 % |
| Apr | 0.6669 | 0.6599 | 0.6735 | 2.02 % |
| May | 0.6774 | 0.6645 | 0.6894 | 3.62 % |
| Jun | 0.6610 | 0.6481 | 0.6733 | 3.74 % |
| Jul | 0.6640 | 0.6497 | 0.6774 | 4.08 % |
| Aug | 0.6573 | 0.6491 | 0.6730 | 3.56 % |
| Sep | 0.6555 | 0.6458 | 0.6647 | 2.84 % |
| Oct | 0.6639 | 0.6581 | 0.6762 | 2.68 % |
| Nov | 0.6717 | 0.6575 | 0.6801 | 3.32 % |
| Dec | 0.6882 | 0.6809 | 0.6972 | 2.34 % |
CAD/EUR forecast for this year
Forecast of the CAD/EUR pair for Jan 2025
Forecast of the CAD/EUR pair for Feb 2025
Forecast of the CAD/EUR pair for Mar 2025
Forecast of the CAD/EUR pair for Apr 2025
Forecast of the CAD/EUR pair for May 2025
Forecast of the CAD/EUR pair for Jun 2025
Forecast of the CAD/EUR pair for Jul 2025
Forecast of the CAD/EUR pair for Aug 2025
Forecast of the CAD/EUR pair for Sep 2025
Forecast of the CAD/EUR pair for Oct 2025
Forecast of the CAD/EUR pair for Nov 2025
Forecast of the CAD/EUR pair for Dec 2025
Canadian Dollar / Euro (CAD/EUR) Forecast 2026 Monthly
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jan | 0.6725 | 0.6633 | 0.6890 | 3.73 % |
| Feb | 0.6770 | 0.6664 | 0.6902 | 3.46 % |
| Mar | 0.6837 | 0.6766 | 0.6906 | 2.02 % |
| Apr | 0.6656 | 0.6596 | 0.6724 | 1.90 % |
| May | 0.6471 | 0.6359 | 0.6536 | 2.71 % |
| Jun | 0.6556 | 0.6413 | 0.6715 | 4.49 % |
| Jul | 0.6573 | 0.6484 | 0.6639 | 2.34 % |
| Aug | 0.6544 | 0.6449 | 0.6624 | 2.63 % |
| Sep | 0.6480 | 0.6369 | 0.6541 | 2.62 % |
| Oct | 0.6523 | 0.6383 | 0.6610 | 3.43 % |
| Nov | 0.6679 | 0.6581 | 0.6802 | 3.25 % |
| Dec | 0.6767 | 0.6672 | 0.6861 | 2.75 % |
Canadian Dollar / Euro (CAD/EUR) Forecast 2027 Monthly
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jan | 0.6795 | 0.6736 | 0.6875 | 2.02 % |
| Feb | 0.6867 | 0.6754 | 0.7027 | 3.89 % |
| Mar | 0.6972 | 0.6863 | 0.7082 | 3.10 % |
| Apr | 0.6953 | 0.6883 | 0.7003 | 1.72 % |
| May | 0.7070 | 0.6941 | 0.7127 | 2.62 % |
| Jun | 0.7034 | 0.6899 | 0.7147 | 3.47 % |
| Jul | 0.7021 | 0.6911 | 0.7192 | 3.90 % |
| Aug | 0.6895 | 0.6765 | 0.7058 | 4.15 % |
| Sep | 0.6972 | 0.6918 | 0.7051 | 1.88 % |
| Oct | 0.7063 | 0.6920 | 0.7230 | 4.29 % |
| Nov | 0.7066 | 0.6978 | 0.7180 | 2.81 % |
| Dec | 0.6943 | 0.6782 | 0.6985 | 2.90 % |