Canadian dollar pushes through 73 cents U.S. on more tariff turmoil and possible Bank of Canada hold

Canadian dollar pushes through 73 cents U.S. on more tariff turmoil and possible Bank of Canada hold

The Canadian dollar pushed past 73 cents U.S. on Monday on the rising chances of the Bank of Canada holding interest rates. Find out more

Canadian dollar hits 8-month high as BoC remains sidelined

OTTAWA: The Canadian dollar strengthened to a near eight-month high against US Dollar (USD) on Wednesday as the Bank of Canada refrained from cutting interest rates for a second straight policy meeting and the US dollar posted broad-based declines. The Canadian Dollar (CAD) was trading 0.3% higher at 1.3680 per U.S. dollar, or 73.10 U.S. cents, after touching its strongest intraday level since October 9 at 1.3662. The BoC held its benchmark rate…

The dollar unwinds Monday losses ahead of ISM services - Monex Canada

CAD As detailed earlier this week, we see risks skewed in favour of a stronger loonie today. Our base looks for the BoC to hold rates this afternoon at 14:45 BST, and with a residual 25% risk of a rate cut priced by swap markets, a decision that matches our expectations should be accompanied by a pop-higher for CAD. The extent of any gains will likely depend on any accompanying rhetoric, however, and on that point, we have little conviction. Our…

USD/CAD is maintained defensive about 1,3700 waiting for the Boc type decision - World Stock Market

The USD/CAD weakens about 1,3715 in the first Asian session on Wednesday. The persistent tariff tensions weigh on the US dollar. The BOC is expected to keep the rates at 2.75% on Wednesday. The USD/CAD pair is still defensive around 1,3715 during the first Asian session on Wednesday. The Canadian dollar (CAD) advances against the US dollar as crude oil prices rise. The decision of interest rates of the Bank of Canada (BOC) and the Report of the …

CAD edges lower after another rebound from the upper 1.36s – Scotiabank

The Canadian Dollar (CAD) has edged a little lower on the session, in line with its major currency peers. Spot may continue to range trade ahead of Wednesday’s BoC policy decision, Scotiabank's Chief FX Strategist Shaun Osborne notes.