
If you talk to any Canadian dollar experts (don’t look at us!) these days, you’ll probably get the same look you get if your kid graduated from university… and then…

If you talk to any Canadian dollar experts (don’t look at us!) these days, you’ll probably get the same look you get if your kid graduated from university… and then…

After spending most of the year coasting on the idea that the U.S. was in trouble — high debt, sticky inflation, and an aggressive tariff agenda — global investors are doing a full 180. The U.S. dollar is back in style, and the Canadian dollar is paying the price.

The Canadian dollar has recently shown signs of stabilizing—if not strengthening—trading just under 1.37 USD per CAD as of Monday morning. These are relatively high levels compared to the mid 1.40s seen in early 2025. The recent climb reflects broad U.S. dollar softness and cautiously optimistic global sentiment around trade and economic data.

The Canadian dollar is quietly climbing its way back up the charts, nudging USD/CAD below the 1.37 mark in early Tuesday trading, a move that underscores how external forces are shaping the currency pair this week. in early Tuesday trading. While economic data is thin, the drama unfolding in U.S. politics—and its impact on the U.S. dollar—continues to be the main event driving currency moves.