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fxJul 6, 2026, 1:47 PM

USD/CAD Consolidates Near 1.4215, CAD Soft – Scotiabank

Scotiabank strategists note USD/CAD is consolidating around 1.4215, with the Canadian dollar retaining a soft undertone despite narrower US-Canada front-end spreads.

USDCAD

According to Scotiabank strategists Shaun Osborne and Eric Theoret, USD/CAD is currently consolidating around the 1.4215 level. The Canadian dollar retains a soft undertone, even as US-Canada front-end spreads have narrowed. The pair remains in a consolidation phase, suggesting limited upside for the loonie in the near term.

Source: FXStreet Forex News