The Canadian Dollar underperformed this week, falling 0.9% against the USD following weak employment data and volatile crude oil prices. Market attention shifts to upcoming US inflation data and Bank of Canada deliberations, with USDCAD testing resistance near 1.37.
Key Takeaways
- 1.The CAD was the worst performing major currency this week, dropping 0.9% against the USD.
- 2.Technical analysis suggests the USD may continue to gain against the CAD within a range of 1.3627 to 1.3817.
- 3.Next week's focus is on US inflation data (CPI, PPI), with headline CPI expected to reach 3.8% Y/Y.
Table of Contents
- Calendar highlights for the coming week
- CAD Weekly Outlook May 8, 2026
- CAD Weekly Outlook
- CAD Underperforms but May Hold Near 1.37
- NEXT WEEK'S NORTH AMERICAN CALENDAR
Document Preview
Access the Full Report
Get unlimited access to institutional research reports with a 14-day free trial.
Authors
Shaun OsborneEric Theoret
Securities
USDCADCrude Oil
Themes
Monetary Policy DivergenceInflation PersistenceGeopolitical Risk
Regions
North AmericaCanadaUnited StatesMexico