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Canadian Dollar Recovery Builds as USD/CAD Tests Key Support - Scotiabank Forecast

The US Dollar to Canadian Dollar (USD/CAD) exchange rate has retreated to around 1.4160 after reaching highs above 1.42 earlier this month, with the Canadian Dollar showing signs of stabilising following its steep May and June losses. Scotiabank believes the CAD sell-off may have run its course as short-term US-Canada interest-rate spreads.
Date: 11.07.2026  |  Source: exchangerates.org.uk
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Instrument Price Change (%)
EURUSD 1.141690 -0.14797%
GBPUSD 1.340000 -0.058253%
USDJPY 161.683560 -0.41418%
XAUUSD 4111.452290 -0.29918%
USDCAD 1.415520 -0.082586%
NZDUSD 0.576300 +0.092189%
USDCHF 0.808640 +0.24454%
AUDUSD 0.695510 +0.18778%
EURGBP 0.852010 -0.069599%
EURJPY 184.592170 -0.52586%
GBPJPY 216.655800 -0.38173%
AUDJPY 112.413740 -0.17251%
CADJPY 114.222020 -0.29241%
CHFJPY 200.682320 -0.32109%
NZDJPY 93.153810 -0.26893%
GBPCHF 1.083580 +0.25353%
EURCHF 0.923220 +0.12446%
USDMXN 17.469150 -0.18198%
USDZAR 16.346700 +0.24345%
USDTRY 46.993840 +0.087407%
USDRUB 76.925000 +1.031%
USDSEK 9.649800 -0.067211%
USDCNY 6.766700 -0.36663%

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