CAD Market Update
28 Mar 2026 • 01:09 GMT
The Canadian dollar has recently retreated to its 60-day lows near 0.7194 against the US dollar, dropping about 1.3% below its three-month average of 0.7291. Despite this dip, the CAD remains within a stable trading range and the underlying fundamentals continue to support its resilience. Higher US dollar strength, driven by safe-haven flows amid broader risk-averse sentiment, has contributed to the CAD’s weakness.
However, Canada’s economic outlook remains positive, with solid inflation figures and commodity prices providing some support. The recent decline in oil prices has put occasional downward pressure on the CAD, yet overall, the currency’s performance has been closely tied to shifts in US dollar strength and global risk appetite.
Investors are keeping an eye on upcoming US economic releases and Federal Reserve policies, which can influence the dollar and, consequently, the CAD. For now, the CAD’s trading remains relatively contained within its recent range, but increased volatility is possible if US-US Canada interest rate differentials or risk sentiment change significantly.
📊 Quick forecast view
🔴 Mild downside
0.7060 – 0.7190
🌍 Global risk sentiment
🔴 Downtrend
