Canadian Dollar Recovery Builds as USD/CAD Tests Key Support - Scotiabank Forecast

Published Jul 11, 2026 4:00 AM Last refreshed Jul 18, 2026 6:58 AM Source: ExchangeRates Event Time: Jul 11, 2026 4:00 AM

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Imported headline
Canadian Dollar Recovery Builds as USD/CAD Tests Key Support - Scotiabank Forecast

Source
ExchangeRates - https://www.exchangerates.org.uk/news/46471/2026-07-11-canadian-dollar-recovery-builds-as-usd-cad-tests-key-support-scotiabank-forecast.html

Summary
The US Dollar to Canadian Dollar (USD/CAD) exchange rate has retreated to around 1.4160 after reaching highs above 1.42 earlier this month, with the Canadian Dollar showing signs of stabilising following its steep May and June losses. Scotiabank believes the CAD sell-off may have run its course as short-term US-Canada interest-rate spreads.

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