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Latest Market Update

 

CAD Market Update

23 May 2026 • 01:11 GMT

CAD/USD 0.7231

The Canadian dollar remains near 30-day lows against the US dollar at 0.7231, pressured by US dollar strength and ongoing economic uncertainties. While oil prices support the CAD, recent market sentiment and US economic data keep the currency choppy. Overall, the bias remains bearish, with close attention needed to global risk sentiment affecting the USD and CAD.

📊 Quick forecast view

🔴 Mild downside

0.7170 – 0.7370

🌍 Global risk sentiment

⚪ Range-bound

 

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