CAD: Edges lower amid broader USD gains – Scotiabank
By FXStreet Insights Team
Date Published: 5 Feb 2026 | Date Modified: 5 Feb 2026
POPULAR ARTICLES
The CAD is experiencing slight softness in quiet trading, primarily due to a stronger USD. The CAD's fair value estimate has increased slightly, reflecting a minor upward adjustment, note Scotiabank's Shaun Osborne and Eric Theoret.
The CAD is experiencing slight softness in quiet trading, primarily due to a stronger USD. The CAD's fair value estimate has increased slightly, reflecting a minor upward adjustment, note Scotiabank's Shaun Osborne and Eric Theoret.
CAD softens in quiet trade
"Losses reflect the generally stronger USD overall, with the CAD finding little relief from firmer commodities or the positive (so far) risk mood."
"Those factors have helped nudge the CAD’s fair value estimate a little higher—to 1.3632—this morning and should help reinforce better USD selling interest on minor gains through the upper 1.36s."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
More than a million users rely on FXStreet for real-time market data, charting tools, expert insights, and forex news. Its comprehensive economic calendar and educational webinars help traders stay informed and make calculated decisions. FXStreet is supported by a team of about 60 professionals, split between the Barcelona headquarters and various global regions.
Read More
