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    Bank FX margins can reach 5–6%

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    CAD Market Update

    04 Aug 2026 • 00:28 GMT

    CAD/USD 0.7119

    The Canadian dollar remains steady against the US dollar near 0.7119, supported by oil prices and cautious market sentiment. Although some expect slight gains by year-end, the currency’s outlook is influenced by global risk sentiment, trade tensions, and energy market developments, with limited immediate movement despite a generally stable and moderate range.

    Forecast snapshot

    Quick CAD/USD forecast

    Near-term bias🟢 Mild upside
    Expected range0.7030 – 0.7150
    Dominant driver🌍 Global risk sentiment
    3-month trend⚪ Range-bound
     

     
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