Canadian Dollar: Bullish turn targets 1.40 against US Dollar – Scotiabank

FXStreet16 October 2026, 14:07 UTCCanada

Scotiabank strategists Shaun Osborne and Eric Theoret report the Canadian Dollar (CAD) modestly stronger versus the US Dollar, helped by firmer Bank of Canada rate expectations and narrowing US–Canada yield spreads. Fair value for USD/CAD is estimated close to spot around 1.4140.

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