FX BANK FORECAST · COVERAGE
Aggregated year-end forecasts, scenario shifts, and curated analyst notes from 35 institutional desks. No promotion.
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
| Firm |
|---|
| Stance |
|---|
| YE 2026 |
|---|
Bank of America | Bullish | 1.35 |
UBS | Bullish | 1.34 |
Rabobank | Bullish | 1.36 |
All 25 desk targets for USD/CAD
Desk synthesis pending
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How we cover this story
USD/CAD trades at 1.3997, roughly 3.68% above the 25-firm Dec-2026 consensus median of 1.35, with a 0.11 dispersion range signalling meaningful disagreement on the policy gap.
USD/CAD trades at 1.4062, roughly 4.2% above the 25-firm median Dec-2026 target of 1.35, with a 0.11 spread separating Citi from Deutsche Bank.
USD/CAD trades at 1.4073, roughly 4.24% above the 25-firm median Dec-26 target of 1.35, with a 0.11 dispersion range signalling meaningful disagreement on the BoC-Fed gap.
25 investment banks see USD/CAD at 1.37 by Dec 2026
View the live USD/CAD forecast