Scotiabank strategists Shaun Osborne and Eric Theoret have observed that the Canadian Dollar remains steady despite renewed trade tensions and targeted import bans between the US and Canada, according to FX Street.
The bank highlighted improving fundamentals for the Canadian Dollar, which support their view of a lower fair value for the USD/CAD exchange rate, now estimated near 1.3736.
For Japanese investors, this development underscores the resilience of commodity-linked currencies like the Canadian Dollar amid geopolitical risks, which could influence FX and equity market strategies.