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    Bank FX margins can reach 5–6%

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    CAD Market Update

    29 Jul 2026 • 00:27 GMT

    CAD/USD 0.7088

    The Canadian dollar remains relatively stable against the US dollar, trading near 0.7088, as it balances modest declines with limited volatility. Weighing on the CAD are weaker oil prices and interest-rate differentials, with market focus on oil and US economic conditions. Overall, the currency stays within a sideways trading range.

    Forecast snapshot

    Quick CAD/USD forecast

    Near-term bias⚪ Range-bound
    Expected range0.7060 – 0.7270
    Dominant driver⚖️ Interest-rate differentials
    3-month trend🔴 Downtrend
     

     
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