Karachi – The Canadian Dollar is showing a balanced performance against the Rupee as global commodity markets stabilize. In today’s interbank market, the Canadian Dollar is being traded at a buying rate of Rs. 201.77 and a selling rate of Rs. 202.13.
The open market tells a slightly different story with a wider spread, showing a buying rate of Rs. 200.39 and a selling rate of Rs. 206.05. The movement of the Canadian Dollar is increasingly relevant for Pakistan as trade and migration between the two countries grow.
The exchange rate is influencing the cost of imported Canadian pulses and canola, which are staples in the Pakistani food basket.
A steady CAD ensures that food inflation remains under control. Additionally, the growing Pakistani diaspora in Canada is becoming an increasingly important source of high-value remittances, helping to diversify the sources of foreign exchange and strengthening the resilience of the Pakistani economy against regional shocks.
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