The Canadian dollar enjoyed the great Canadian jobs report but in general, lacks a direction. The team at CIBC dives into this: Here is their view, courtesy of eFXnews: Movements in oil and by extension the Canadian dollar have become less dramatic than they were in the prior two years. However, that hasn’t translated into a narrower range of forecasts for the currency over the coming year. In fact, the spread between the highest and lowest forecast is much higher than it was at the start of 2014 and 2015, and narrowly more than at the start of last year when the C$ was in rapid decent. Why? In previous years, while there was a divergence of opinion regarding the scale of the move, there was often a broad consensus on the direction. That’s not the case this year, with the consensus at the start of the year split almost 50/50 between those expecting an appreciation or depreciation. Even after this week’s good start, we remain on the pessimistic side, seeing a depreciation of the loonie and USDCAD rising to 1.37 at year-end. For lots more FX trades from major banks, sign up to eFXplus By signing up to eFXplus via the link above, you are directly supporting Forex Crunch. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Daily Look share Read Next USD could peak 99 Days After Trump’s Inauguration – Yohay Elam 6 years The Canadian dollar enjoyed the great Canadian jobs report but in general, lacks a direction. The team at CIBC dives into this: Here is their view, courtesy of eFXnews: Movements in oil and by extension the Canadian dollar have become less dramatic than they were in the prior two years. However, that hasn't translated into a narrower range of forecasts for the currency over the coming year. In fact, the spread between the highest and lowest forecast is much higher than it was at the start of 2014 and 2015, and narrowly more than at the start of last year… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.