Why the Canadian dollar is largely shrugging off the trade war talk
The Canadian dollar is the G10 laggard today but its hardly collapsing and that might be a surprise given the 'trade war' rhetoric following the late-Friday collapse of talks with the USA. USD/CAD is up 76 pips to 1.3840, or 0.55%. It's a nice move but it doesn't even get us back
USD/CAD — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
ING | Bullish | 1.33 |
Rabobank | Bullish | 1.36 |
Bank of America | Bullish | 1.35 |
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 at 1.386 vs 1.35 Consensus: BoC-Fed Gap and Oil Drive the Gap
USD/CAD trades 2.69% above the 25-firm Dec-26 consensus of 1.35, with a 0.11 dispersion range signalling genuine disagreement on the BoC-Fed path.
USD/CAD Consensus Check: Spot at 1.3816, Median Target 1.35 — Week of August 23, 2026
USD/CAD trades 2.34% 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: 1.3765 Spot vs 1.35 Target, Week of August 22, 2026
USD/CAD trades at 1.3765, nearly 2% above the 25-firm Dec-26 consensus of 1.35, as BoC-Fed divergence and oil keep the pair under pressure.