USD vs CAD
Fundamentals favour the US Dollar by 37 points.
On the Macro Currency Strength Meter, the US Dollar scores +6 and the Canadian Dollar scores -30 — a gap of 37 points in favour of the US Dollar. The widest divergence is in positioning, which favours the US Dollar. All else equal that gap is a fundamental tailwind for the US Dollar against the Canadian Dollar — though markets may already have priced much of it in.
Pillar comparison
Which currency wins each macro driver| Driver | USD | CAD | Edge |
|---|---|---|---|
| Interest Rates | -44 | -13 | CAD |
| Growth | +31 | -39 | USD |
| Positioning | +73 | -50 | USD |
| Risk Mood | -12 | +12 | CAD |
| Commodities | — | -67 | USD |
Strength gap over time
USD minus CAD fundamental score — above zero favours USD. The gap is currently +37 and narrowing.A widening gap means the fundamental edge is growing; a narrowing gap means it’s fading. Educational macro context, not a trade signal.