The second half of 2025 has been tough on the Canadian dollar. Photo by Peter J. Thompson / Financial Post

The Canadian dollar has been stuck in a rut, trading around the 71 cents U.S. mark for a couple of months since tumbling from a decade high in June of 73.7 cents U.S., but while you shouldn’t hold your breath for anything better in 2025, next year could be better, say currency experts.

“The Canadian dollar has been pulled lower by a combination of a renewed widening in U.S./Canada short-term rate differentials, ongoing trade uncertainty and a spike in market volatility through early November,” Shaun Osborne, chief currency strategist at Scotiabank Global Economics and FX Strategy, said in a currency forecast note.

Some of those factors played out Thursday as the Canadian do

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