Bearish
Bank of America revises USD/CAD forecast downward to 1.40 amid dovish outlook
Bank of America has adjusted its USD/CAD forecast downward to approximately 1.40 for the remainder of 2026 and into 2027, citing expectations that the Bank of Canada is more likely to maintain current interest rates in the medium term. This revision reflects a bearish outlook for the Canadian dollar against the U.S. dollar.
Key points
- Bank of America revises USD/CAD forecast downward to 1.40, anticipating Bank of Canada rate stability.
Sources
AI-generated from public news sources. Not financial advice.
