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CAD to EUR Forecasts – Canadian dollar to euro

Latest CAD to EUR forecasts including bank predictions, key market drivers and recent trends for CAD/EUR. See where analysts expect the pair to move and the factors likely to influence it.

 

CAD to EUR Forecast & Outlook

20 Jun 2026 • 00:46 GMT

CAD/EUR 0.6151

📊 Forecast snapshot

  • Near-term bias: 🔴 Mild downside
  • Expected range: 0.6040 – 0.6150
  • Dominant driver: ⚖️ Interest-rate differentials
  • 3-month trend: ⚪ Range-bound

Currently, CAD/EUR is trading close to 90-day lows near 0.6151, well below the recent 3-month average of 0.6222. The pair remains supported by the rate differential, though the dominance of risk-off conditions keeps the currency pair pressured. Over the next few sessions, the pair could continue to find support around this level, but the bias remains toward further decline if risk-off sentiment persists.

💸 Transfer implications

  • Expats: sending money to Euro (EUR) may face less favourable conditions than recent levels if the pair weakens.
  • Travellers: buying Euro (EUR) cash or using cards could see slightly more advantageous rates if further declines occur.
  • Businesses: paying Euro (EUR) invoices with Canadian Dollars (CAD) might find payments less favourable should the pair press lower.

🧭 Key drivers

  • Rate gap: The EUR remains supported by the ECB’s policy stance, while the CAD is constrained by weaker oil prices and risk-off flows.
  • Risk/commodities: Risk-off sentiment continues to strengthen safe-haven currencies, pressuring risk-sensitive FX like CAD.
  • Global factors: Geopolitical tensions and US monetary policy outlooks influence risk conditions and currency movements.

⚠️ What could change it

  • Upside risk: a shift toward risk-on conditions or stabilization in oil prices may support the CAD.
  • Downside risk: ongoing geopolitical tensions or an escalation in global risk aversion could further pressure the pair lower.

BER suggests tracking current market conditions as near-term exchange rates may remain sensitive to risk sentiment and global macro developments. Comparing FX providers may help offset less favourable exchange conditions.

 

CADEUR Bank Forecasts to end of the year

The outlook for CADEUR towards the end of the year shows mixed signals as major banks and institutions differ in their expectations. While TD Securities suggest potential CAD strength through its USD/CAD forecast, Scotiabank's projection indicates a somewhat stable EUR/CAD around 1.61 by the fourth quarter. Currently, both the Canadian dollar and the euro face challenges from their respective economic conditions, including geopolitical influences and bank rate policies.

Big bank views

  • Scotiabank projects EUR/CAD to reach approximately 1.61 by Q4 2026.
  • CIBC foresees limited upside for the euro, with a EUR/USD target of 1.20 within a year.
  • TD Securities indicates a CAD-positive view through a declining USD/CAD, possibly suggesting CAD strength.

What could change the outlook

  • Shifts in crude oil prices significantly impacting the Canadian dollar.
  • European Central Bank policy adjustments in response to evolving inflation and growth prospects.
 

CAD-EUR Rate Calculator

 
 
   
   
   
   
   
 
 

CAD to EUR Market Data

Canadian dollar (CAD) to euro (EUR) market data - latest interbank exchange rate, trend, chart & historic rates.

 
Sell CAD   →   Buy EUR
1 CAD =
0.6154We compare provider deals to this wholesale mid-market rate. Read more
EUR
1d−0.4%▼
90dLows◒
CAD to EUR is at 90-day lows near 0.6151, 1.1% below its 3-month average of 0.6222, having traded in a very stable 2.7% range from 0.6151 to 0.6317
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  1 EUR = 1.6250 CAD

Compare & Save - Canadian dollar to euro

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Canadian dollar (CAD) to euro (EUR) rates from different sources before making a conversion.

Use our CAD to EUR calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Loonie to Euro currency rates and the possible savings of using various providers.

 
 

Will the Canadian dollar rise against the Euro?

This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Canadian dollar vs euro current value is to look the CAD/EUR historic rate and change over a range of periods.

The following table looks at the change in the CAD to EUR exchange rate over periods from the previous week back to the last 10 years.

DateCAD/EURChangePeriod
05 Jun 2026
0.6229
0.9% ▼2 Week
21 Mar 2026
0.6285
1.7% ▼3 Month
19 Jun 2025
0.6342
2.6% ▼1 Year
20 Jun 2021
0.6766
8.7% ▼5 Year
21 Jun 2016
0.6935
10.9% ▼10 Year
24 Jun 2006
0.7115
13.2% ▼20 Year
CAD/EUR historic rates & change to 19-Jun-2026

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add CAD/EUR to your personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending

 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more