According to Scotiabank, the USDCAD exchange rate of 1.32090 is expected to gradually decline and approach 1.30 by the end of the year.

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USDCAD Chart by TradingView

The Canadian Dollar (CAD) has strengthened modestly since the start of June, rising some 2% against the generally weaker USD. Economists at Scotiabank analyze USD/CAD outlook.

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