05/27/2026
What does Scotiabank have to say about future USD/CAD rates? 🇨🇦
Canada’s own Scotiabank is targeting USD/CAD at 1.33 by end-2026 — meaning the Canadian dollar is set to gradually strengthen against the US dollar.
Key drivers: narrowing rate differentials, higher oil prices, and broad USD weakness ahead.
Source: Scotiabank Foreign Exchange Outlook, April 2026