The Opening Statement from BOC TIff Macklem by topic. What are the implications for traders?
The opening statement from Macklem Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss today’s monetary policy decision. Since our last decision in July, the conflict in the Middle East has persisted without a clear path to resolution. Close
USD/CAD — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
Goldman Sachs | Bullish | 1.35 |
MUFG | Bullish | 1.34 |
J.P. Morgan | Bearish | 1.42 |
All 25 desk targets for USD/CAD
Desk synthesis pending
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Cross-firm research
USD/CAD Consensus Check: Spot at 1.3815, Median Target 1.35 — Week of September 7, 2026
USD/CAD trades 2.33% 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.
USD/CAD Consensus Check: Spot at 1.3837, Median Target 1.35 — Week of September 6, 2026
USD/CAD trades 2.49% 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.
USD/CAD Consensus Check: Spot at 1.3837, Median Target 1.35 — Week of September 5, 2026
USD/CAD trades 2.49% above the 25-firm median Dec-26 target of 1.35, with a 0.11 dispersion range flagging unusually wide disagreement on the BoC-Fed path.