CAD: Too much, too fast for loonie? – NBC
Par FXStreet Insights Team
Date de publication: 3 Feb 2026 | Date de modification: 3 Feb 2026
ARTICLES POPULAIRES
The Canadian Dollar (CAD) started 2026 at its strongest level against the USD since 2024, driven by rising commodity prices and a reversal in speculative positioning.
The Canadian Dollar (CAD) started 2026 at its strongest level against the USD since 2024, driven by rising commodity prices and a reversal in speculative positioning. National Bank of Canada (NBC) analysts Stéfane Marion and Kyle Dahms expect CAD appreciation to begin in H2 2026, contingent on constructive trade discussions with the U.S. and a supportive fiscal backdrop, projecting USD/CAD to converge toward 1.31 by year-end 2026.
Loonie shows strength amid commodity gains
"However, that boost has limits if CUSMA negotiations remain bogged down."
"At this stage, we still see scope for CAD appreciation beginning in H2 2026, contingent on more constructive trade discussions between Washington and Ottawa and a supportive fiscal backdrop."
"Under those conditions, we would expect USD/CAD to converge toward 1.31 by year-end 2026."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
Plus d’un million d’utilisateurs se tournent vers FXStreet pour des données de marché en temps réel, des outils de graphiques, des analyses d’experts et des actualités Forex. Leur calendrier économique complet et leurs webinaires éducatifs aident les traders à rester informés et à prendre des décisions éclairées. FXStreet s’appuie sur une équipe d’environ 60 professionnels répartis entre le siège de Barcelone et diverses régions du monde.
Lire la suite
