Canada and the US discussing tariff relief deal
The Globe & Mail is out with a somewhat optimistic report on the Canadian trade situation and, in turn, the Canadian dollar. It highlights trade negotiations that are currently ongoing between the US and Canada, and appear to be in the final stretch. It says: Canada would address
USD/CAD — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
Scotiabank | Bullish | 1.40 |
Bank of America | Bullish | 1.35 |
UBS | Bullish | 1.34 |
All 25 desk targets for USD/CAD
Desk synthesis pending
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Sources & References
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Cross-firm research
USD/CAD Consensus Check: Spot at 1.4018 vs 1.35 Target, Week of Aug 7 2026
USD/CAD trades at 1.4018, roughly 3.84% above the 25-firm Dec-26 median of 1.35, with a 0.11 range separating the most and least bearish desks.
USD/CAD Consensus Check: Spot at 1.3997 vs 1.35 Target, Week of August 6, 2026
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 Consensus Check: Spot at 1.4062, Median Target 1.35 — Week of August 5, 2026
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.