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Latest Market Update

 

CAD Market Update

08 Jul 2026 • 00:28 GMT

CAD/USD 0.7040

The Canadian dollar remains near recent levels against the US dollar, trading at around 0.7040, with limited movement despite a slight US dollar weakening and easing Federal Reserve rate hike expectations. Trade uncertainties, slower domestic sales growth, and commodity prices continue to temper its outlook, which remains mildly bearish according to interest-rate differentials.

📊 Quick forecast view

🔴 Mild downside

0.7040 – 0.7210

⚖️ Interest-rate differentials

🔴 Downtrend

 

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