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Aggregated year-end forecasts, scenario shifts, and curated analyst notes from 36 institutional desks. No promotion.

25 investment banks see USD/CAD at 1.37 by Dec 2026

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TD Securities sees softer Canada CPI lifting USD/CAD, with rate divergence keeping pair near 1.39 - VT Markets

2026-07-21 08:27Z

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USD/CAD — All Desk Targets

25 desks

Firm	Stance	YE 2026	vs Cons.
Société Générale	Bullish	1.40	+3.5%
Scotiabank	Bullish	1.40	+3.5%
Commerzbank	Bullish	1.35	+0.0%

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TD Securities sees softer Canada CPI lifting USD/CAD, with rate divergence keeping pair near 1.39 VT Markets

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