Bank of Canada preview: Macklem facing a stagflationary headache
The Bank of Canada will deliver its latest interest rate decision on Wednesday and almost surely hold rates steady at 2.25%, the same place where rates have been since a cut in October. The market also sees very little chance of a rate hike at the July 15 meeting so there is no n
USD/CAD — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
BNP Paribas | Bullish | 1.35 |
UBS | Bullish | 1.34 |
Société Générale | Bullish | 1.40 |
All 25 desk targets for USD/CAD
Desk synthesis pending
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Sources & References
How we cover this story
Cross-firm research
USD/CAD Consensus Check: Spot at 1.4035 vs 1.35 Target, Week of September 21, 2026
USD/CAD trades at 1.4035, nearly 4% above the 25-firm Dec-26 median of 1.35, with a 0.11 dispersion range signalling meaningful divergence on the BoC-Fed gap.
USD/CAD Consensus Check: Spot at 1.3984 vs 1.35 Median Target, Week of September 19, 2026
USD/CAD trades at 1.3984, roughly 3.59% above the 25-firm median Dec-26 target of 1.35, with dispersion spanning 0.11 from Citi to Deutsche Bank.
USD/CAD Consensus Check: Spot at 1.3992, Median Target 1.35 — Week of September 18, 2026
USD/CAD trades at 1.3992, roughly 3.64% above the 25-firm median Dec-26 target of 1.35, with a 0.11 spread separating the most and least bearish desks.