29 April 2026 Canadian Dollar: Bank of Canada Strikes 'Dovish' Tone

The Canadian dollar softened after the Bank of Canada held rates and signalled no urgency to tighten policy despite elevated inflation risks.

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30 October 2025 Canadian Dollar Needs More than Bank of Canada's 'Hawkish' Tone

Canadian dollar softer after the Bank of Canada cuts interest rates.

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31 July 2025 Canadian Dollar Strengthens Post-BoC, GBP/CAD on the Ropes

The Canadian Dollar rose sharply against the Pound midweek, taking GBP/CAD to a key support level.

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12 March 2025 Canadian Dollar Sees Welcome Relief from Bank of Canada Signpost

The Canadian Dollar strengthened following the Bank of Canada's March decision.

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11 December 2024 Canadian Dollar: Bank of Canada Ready to Park Rates

The Canadian Dollar rose after the Bank of Canada cut interest rates 50 basis points. Investors now think the end of the cycle is close.

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23 October 2024 Canadian Dollar Rides Out Bumper Bank of Canada Rate Cut

The Canadian Dollar's sensitivity to a 'dovish' Bank of Canada is on the wane.

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16 September 2024 Canadian Dollar Weighed by Macklem Comments

The Canadian Dollar starts the new week under pressure owing to a sharp fall in the U.S. Dollar and growing odds of a large 50 basis point cut at the Bank of Canada.

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04 September 2024 Canadian Dollar Softer Following Bank of Canada Rate Cut

The Canadian Dollar fell after the Bank of Canada cut interest rates and communicated that it remained committed to further cuts in the coming months.

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05 June 2024 Bank of Canada Cuts, GBP/CAD Jumps to 33-month High

The Canadian Dollar fell across the board after the Bank of Canada cut interest rates and Governor Macklem said it was reasonable to expect further cuts if inflation continues to fall.

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02 May 2024 Canadian Dollar Rallies After Macklem Sets the Record Straight

The Canadian Dollar rose after the Bank of Canada Governor sought to push back against a recent increase in expectations for interest rate cuts.

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10 April 2024 Canadian Dollar Outperforms Following Steady Bank of Canada Call & U.S. Inflation Surprise

The Canadian Dollar was amongst the top-performing currencies in the G10 after the Bank of Canada held its benchmark overnight rate at 5.0%, but this could have more to do with the U.S. Dollar's ra…

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06 March 2024 Canadian Dollar Surges After Bank of Canada "Slams Door on April Cut"

The Canadian Dollar surged after the Bank of Canada told markets interest rates would not be cut in April.

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20 February 2024 Canadian Dollar Under Pressure As Inflation Print Opens Door to April Rate Cut

The Canadian Dollar fell across the board after Canadian inflation numbers for January undershot expectations and raised the odds of a rate cut at the Bank of Canada happening as early as April.

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24 January 2024 Canadian Dollar Selloff Extends In Wake Of Dovish Tilt From Bank of Canada

The Canadian Dollar extended its daily losses against the Pound, U.S. Dollar and other major currencies as the Bank of Canada tilted in a 'dovish' direction in their January policy update.

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16 January 2024 Bank of Canada To Strike Hawkish Note Next Week Following Inflation Pressures: Monex

A rise in core inflation pressures likely means a hawkish BoC next week, writes Nick Rees, FX Market Analyst at Monex Europe.

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19 December 2023 Canadian Dollar Lags on Macklem's Rate Cut Talk

The Canadian Dollar is a laggard on global foreign exchange markets after the head of Canada's central bank openly discussed interest rate cuts for the first time.

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06 December 2023 Bank of Canada: Markets Bet on April Rate Cut

The Bank of Canada inched closer towards a pivot in monetary policy after it welcomed a recent fall in inflation and declared the economy had reached an equilibrium in supply and demand.

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25 October 2023 Canadian Dollar Retreats As Markets Bet Bank Of Canada's Next Move Is A Cut

The Canadian Dollar was softer after investors lowered the odds of another interest rate hike from the Bank of Canada following its latest interest rate decision and assessment of the economic outl…

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06 September 2023 Canadian Dollar: Bank of Canada Reckons It Has Done Enough

Those looking for a stronger Canadian Dollar were left disappointed by a Bank of Canada that maintained interest rates at 5.0% and signalled it was in no hurry to hike again.

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12 July 2023 Canadian Dollar Stalls GBP/CAD after BoC Raises Cash Rate

The Canadian Dollar rose to change hands at new intraday highs while weighing on GBP/CAD in midweek trade after the Bank of Canada (BoC) cited signs of "more persistent excess demand in the economy…

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