Foreign exchange strategists at Scotiabank forecast the US Dollar to fall against the Canadian Dollar by approximately 1.7% from today's exchange rate, towards 1.30, by the end of 2023. As of today, the US-Canadian Dollar exchange rate (USDCAD) is trading at 1.32233. Since June 2023, the Canadian Dollar (CAD) has seen a modest strengthening, but it has underperformed against other major currencies. Strategists at the Bank of Nova Scotia (Scotiabank), a Canadian multinational banking and financial services company, suggest the short-term outlook for the CAD indicates the currency's performance is shackled to the ... (full story)