CIBC Sees USD/CAD Trading Near 1.37 Into Mid-2026 Before Falling to 1.34 by Year-End
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CIBC Economics forecasts the USD/CAD exchange rate to remain around 1.37 into mid-2026, influenced by trade uncertainties and a weak Canadian economy. They predict a potential decline to 1.34 by year-end as market conditions improve and the Bank of Canada signals a rate hike. Current trading is at 1.3759, with expectations of 1.37 in Q2 and 1.36 in Q3 2026.
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