ABN Amro in its latest FX Weekly said it sees USD/CAD lower every single quarter up to and including Q4 2027.
For 2026 it sees USD/CAD at 1.38 in Q2, then at 1.37 in Q3 and at 1.36 in Q4. Then for 2027 it sees the pair at 1.35 in Q1, at 1.34 in Q2, at 1.33 in Q3 and at 1.32 in Q4 2027.
The US dollar (USD) versus Canadian dollar (CAD or loonie) was at 1.3765 on Wednesday, it noted.
Meanwhile, ABN Amro estimated EUR/CAD at 1.57 in Q2, at 1.62 in Q3, at 1.63 in Q4 2026 and at 1.65 throughout next year.
The euro (EUR) versus Canadian dollar was at 1.5964 on Wednesday, pointed out the bank.