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    Currency outlook CAD/TOP

    CAD to TOP Forecast & Outlook

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

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    Canadian Dollar Update

    Updated 01 Aug 2026 • 23:45 GMT

    The Canadian dollar has shown resilience against the US dollar, driven by fluctuating oil prices and cautious monetary policy from the Bank of Canada (BoC). As of mid-July, USD/CAD is trading around 1.4033 after stronger oil prices provided support to the loonie, despite the BoC's decision to hold its rate steady at 2.25% but keeping the possibility of future hikes open. Market sentiments are tempered by weak inflation and trade uncertainties, particularly concerning the USMCA, which are impacting near-term CAD expectations.

    Key watchpoints:

    • Monitor changes in global oil prices as they significantly impact the commodity-linked Canadian dollar.
    • Watch for any updates or changes in monetary policy from the Bank of Canada, particularly rate hike announcements.
    • Pay attention to upcoming Canadian employment and economic data releases for further insights into CAD movements.

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    CAD to TOP market data

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

    Sell CAD   →   Buy TOP
    1 CAD =
    1.7275We compare provider deals to this wholesale mid-market rate. Read more
    TOP
    1D0.0%⬦
    CAD to TOP is at 30-day highs near 1.7186, near its 3-month average, having traded in a quite stable 4.1% range from 1.6917 to 1.7610
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      1 TOP = 0.5789 CAD
     

    Will the Canadian dollar rise against the Tongan paanga?

    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.

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