The Canadian dollar could fall further as the Bank of Canada is likely to refrain from any signals about nearing the end of its interest rate cutting cycle in a decision later.
The Canadian dollar’s performance is more likely to be driven by the threat of U.S. trade tariffs than by the Bank of Canada’s policy decision Wednesday, Monex Europe analysts said.
The Bank of Canada is expected to cut its key benchmark rate by 25 basis points due to looming U.S. tariffs under President Trump. This decision, influenced by economic uncertainty caused by potential ...