<?xml version="1.0" encoding="UTF-8"?>
<data>
<terms url="https://www.bankofcanada.ca/terms/"></terms>
<groupDetail>
    <label>Chart 3: Dealer economists expect the Canadian dollar to appreciate slightly by the end of 2025</label>
    <description><![CDATA[Forecast levels of key economic variables at the end of 2025 (as of December 2024)

Sources: Bloomberg Finance L.P. and dealer forecasts]]></description>
    <link>https://www.bankofcanada.ca/?p=244080</link>
</groupDetail>
<seriesDetail>
<series id="SAN_FONT20250113_C3_S1">
<label>Upper range</label>
<description></description>
<dimension key="k" name="Category"/>
</series>
<series id="SAN_FONT20250113_C3_S2">
<label>Lower range</label>
<description></description>
<dimension key="k" name="Category"/>
</series>
<series id="SAN_FONT20250113_C3_S3">
<label>Overnight index swap rate</label>
<description></description>
<dimension key="k" name="Category"/>
</series>
<series id="SAN_FONT20250113_C3_S4">
<label>Median</label>
<description></description>
<dimension key="k" name="Category"/>
</series>
<series id="SAN_FONT20250113_C3_S5">
<label>Upper CAD/USD</label>
<description></description>
<dimension key="k" name="Category"/>
</series>
<series id="SAN_FONT20250113_C3_S6">
<label>Lower CAD/USD</label>
<description></description>
<dimension key="k" name="Category"/>
</series>
<series id="SAN_FONT20250113_C3_S7">
<label>Median CAD/USD</label>
<description></description>
<dimension key="k" name="Category"/>
</series>
</seriesDetail>
<observations>
<o k="Bank of Canada policy rate decision"><v s="SAN_FONT20250113_C3_S1">2.75</v><v s="SAN_FONT20250113_C3_S2">2.00</v><v s="SAN_FONT20250113_C3_S3">2.78</v><v s="SAN_FONT20250113_C3_S4">2.50</v></o>
<o k="US federal funds rate decision"><v s="SAN_FONT20250113_C3_S1">4.50</v><v s="SAN_FONT20250113_C3_S2">2.50</v><v s="SAN_FONT20250113_C3_S3">3.89</v><v s="SAN_FONT20250113_C3_S4">3.50</v></o>
<o k="Inflation in Canada"><v s="SAN_FONT20250113_C3_S1">2.50</v><v s="SAN_FONT20250113_C3_S2">1.60</v><v s="SAN_FONT20250113_C3_S4">1.90</v></o>
<o k="Inflation in the United States"><v s="SAN_FONT20250113_C3_S1">4.00</v><v s="SAN_FONT20250113_C3_S2">1.90</v><v s="SAN_FONT20250113_C3_S4">2.40</v></o>
<o k="Can$/US$ exchange rate (right scale)"><v s="SAN_FONT20250113_C3_S5">0.73</v><v s="SAN_FONT20250113_C3_S6">0.69</v><v s="SAN_FONT20250113_C3_S7">0.72</v></o>
</observations>
</data>