[quote] OTTAWA — The Bank of Canada is declaring the recession essentially over in Canada and projecting the economy will bounce back at least twice as strongly as in the United States.
The bank said Thursday it estimates the Canadian economy will advance by 1.3 per cent during the current July-September period, and three per cent in the fourth quarter, both at annualized rates.
The bank's quarterly monetary policy report contains many cautions about how the world and Canada is coming out of the deepest and most painful downturn since the Second World War.
The bank remains concerned that the fragile financial systems in the United States and Europe may contain more unpleasant surprises that will sideswipe the global economy once more, and it believes the strengthening loonie is not helpful given the Canada's dependence on exports.[/quote]
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The 12 month forecast for the Canadian Dollar is in the table at the top of this page. We are forecasting that the exchange rate for the Canadian Dollar will be
roughly 1.13 Canadian Dollars to the USD. The table shows a HDTFA of  5
which suggests that the July, 2010 currency exchange rate could easily fall
between 1.18 and 1.07 CAD/USD. Links to Forecasts for fourteen other
currencies may be found on the left side of this page.
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Adding more information later.
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