Societe Generale Chief Currency Strategist Kit Juckes expects the U.S. dollar to trade between CA$1.20 and CA$1.45 per US$1 over the next decade, citing growth prospects and the gap between the two countries' two-year interest rates, per FXStreet. A move below CA$1.35 would depend on firmer Canadian economic data or a more favorable geopolitical backdrop. The IMF projects U.S. real GDP growth of 2.3% in both 2026 and 2027, versus 1.1% and 1.7% for Canada, narrowing the U.S. edge from 1.2 to 0.6 percentage points next year. Canada's Parliamentary Budget Office cut its forecasts to 0.9% for 2026 and 1.5% for 2027, blaming U.S. tariffs and Canadian countermeasures and expecting subdued growth through the first half of 2027. The Bank of Canada held its overnight rate at 2.25%, with its next decision due Oct. 28.
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Related tickers and likely impact
USD/CAD
▲ Likely positiveRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/21/2026 | 1.40486 |
| Change that session | -0.08% |
DXY
▲ Likely positiveRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/21/2026 | 101.70 |
| Change that session | 0.00% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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