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BoC's 'Cautious Hawkishness' and High Oil Prices Support CAD; USD/CAD Continues Downward Trend

Published: 2026-10-30 10:42:00Category: financeHeat: 54

English summary

The Bank of Canada raised rates by 25 bps to 2.50% and lifted inflation forecasts, while WTI crude rose above $104 due to geopolitical risks, supporting the Canadian dollar. The Fed held rates steady with hawkish language, maintaining USD buying interest. USD/CAD is trading around 1.3970, expected to consolidate in the 1.3930–1.4057 range amid dual drivers.

The English text is machine translated and may require verification against the Chinese version.

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