AUD to CAD Forecast & Outlook
09 May 2026 • 00:24 GMT
📊 Forecast snapshot
- Near-term bias: 🔴 Mild downside
- Expected range: 0.9740 – 0.9910
- Dominant driver: 🛢️ Commodity price trends
- 3-month trend: 🟢 Uptrend
Currently, AUD/CAD is trading close to its 90-day high near 0.9914, above its 3-month average of 0.9694. The pair remains supported by high energy prices and energy exports. Over the next few sessions, increased risk-off sentiment and commodity prices suggest this level may face pressure and the pair could ease from recent highs.
💸 Transfer implications
- Expats: sending money to Canada may find conditions slightly less favourable than recent levels.
- Travellers: exchanging currency might see less support for Australian Dollars when buying Canadian Dollars.
- Businesses: paying invoices in CAD could encounter less advantageous exchange timing for Australian Dollars.
🧭 Key drivers
- Rate gap: The policy and yield gap between Australia and Canada remains uncertain, with no clear directional dominance.
- Risk/commodities: Energy prices stay high amid geopolitical tensions, supporting CAD despite risk-off conditions.
- Global factors: Global risk sentiment appears cautious, weighing on risk-sensitive currencies like AUD and CAD.
⚠️ What could change it
- Upside risk: Oil prices could rise further, reinforcing CAD strength and offsetting risk-off impacts.
- Downside risk: A shift to more intense risk aversion or a sharp decline in energy prices could weaken CAD and support AUD.
BER suggests comparing FX providers to find lower margins, which can help offset less favourable exchange conditions.