💱US Dollar/Canadian Dollar FX Spot Rate
USDCAD
▼ NegativeMonetaryrelevance
Scotiabank expects stabilization in spreads, easing downside pressure on CAD, implying CAD may strengthen relative to USD.
Impact on assets 1
Others
Scotiabank strategists Shaun Osborne and Eric Theoret note the Canadian Dollar is effectively flat versus the US Dollar and trading close to their fair value estimate around 1.4158. They expect the recent deterioration in spreads to stabilize, easing downside pressure on the Canadian Dollar.
Scotiabank expects stabilization in spreads, easing downside pressure on CAD, implying CAD may strengthen relative to USD.