Canadian Dollar Sell-Off Looks to Have Bottomed - Scotiabank USD/CAD Forecast

Published Jul 13, 2026 12:00 PM Last refreshed Jul 18, 2026 6:58 AM Source: ExchangeRates Event Time: Jul 13, 2026 12:00 PM

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Imported headline
Canadian Dollar Sell-Off Looks to Have Bottomed - Scotiabank USD/CAD Forecast

Source
ExchangeRates - https://www.exchangerates.org.uk/news/46497/2026-07-13-canadian-dollar-sell-off-looks-to-have-bottomed-scotiabank-usd-cad-forecast.html

Summary
The US Dollar to Canadian Dollar (USD/CAD) exchange rate has eased towards 1.4140 after the Canadian Dollar extended last week's gains following another resilient domestic labour market report. Scotiabank believes the May-June decline in the Canadian Dollar has now likely run its course, with improving economic data helping stabilise.

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