The Canadian dollar is thinking about a breakout despite the rout in oil prices
The Canadian dollar is the top-performing G10 currency today as it plays catch-up to the positive momentum in risk assets this week. USD/CAD is down 56 pips on the day to 1.4005. The drop brings some notable levels into play, starting with the big figure. Below that are a pair of
USD/CAD — All Desk Targets
| 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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Sources & References
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Cross-firm research
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.
USD/CAD Consensus Check: Spot at 1.4073, Median Target 1.35 — Week of August 4, 2026
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.