CAD Market Update
11 Jun 2026 • 00:14 GMT
The Canadian dollar remains near 90-day lows against the US dollar, with USD/CAD around 1.39. This mark is 1.2% below its three-month average and reflects ongoing concerns about Canada’s economic outlook. Weak real growth, low oil prices, and less favorable rate spreads compared to the US are weighing on the loonie.
The market is awaiting the Bank of Canada’s upcoming decision, expected to keep rates steady at 2.25%. Investors are watching for signals about the economy's health and any hints on future rate moves. The weak Canadian economic data and energy sector pressures continue to keep downside pressure on CAD.
Against the euro and yen, the CAD has traded stably, just below its recent averages. However, the CAD has risen slightly versus the Australian dollar and Swiss franc, reaching near recent highs. These movements show some resilience in certain cross rates despite the domestic headwinds.
Overall, the Canadian dollar remains under pressure against the US dollar, with traders keeping an eye on commodities, policy signals, and economic data, which could influence the pair’s direction in the coming weeks.
📊 Quick forecast view
🔴 Mild downside
0.7040 – 0.7170
🌍 Global risk sentiment
⚪ Range-bound
