Bank of Canada

The Canadian Dollar weakened a touch Wednesday after the Bank of Canada (BoC) left its interest rate unchanged for December as many had expected, leaving investors to focus on mounting risks to North American Free Trade Agreement (NAFTA) and Canada's trade relationship with the US. 

It's a hike. Analysts give their views below on what Wednesday's interest rate rise might mean for the Canadian Dollar going forward.

Analysts are unanimous: the BoC will raise rates Wednesday. But...it could struggle to live up to market expectations, which is bad news for the Canadian Dollar.

Canada's economy appears over its recent blip although the BoC remains cautious and strategist opinions on the Loonie are mixed.

Both Canadian and New Zealand central banks threw curveballs at their currencies over Wednesday and Thursday leading to a shakeup of market expectations for monetary policy

The Bank of Canada decided to riase interest rates from 0.75% to 1.0% at their rate meeting on Wednesday, sparking a strong rally in the Canadian Dollar.