Bank of Canada

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

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.

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.

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.

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

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 rally.

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

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.

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.

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

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.

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.

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 outlook.

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.

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" for raising the cash rate to five percent and keeping its options open for the months ahead. 

The Canadian Dollar was mostly stronger in a resilient showing from the Loonie heading into the latter half of the week while Sterling was weaker in many parts ahead of a widely anticipated Bank of England (BoE) interest rate decision with the result being modest losses for GBP/CAD and uncertainty about the outlook.

The Canadian Dollar fell widely ahead of the weekend after Statistics Canada disclosed the first outright fall in local employment levels since the last 'lockdown' and what might be a sign of the Loonie's labour market faltering following aggressive increases in the Bank of Canada (BoC) cash rate over the last year. 

The Canadian Dollar rallied after the Bank of Canada raised its policy interest rates by 25 basis points to 4.75% and signalled it felt further rate hikes were required.

The Canadian Dollar recovered lost ground from the Pound and some other currencies in midweek trade after Statistics Canada said the local economy ground to a halt at the end of the second quarter but likely rebounded in April, placing the Bank of Canada (BoC) under a spotlight. 

The Pound to Canadian Dollar exchange rate held near the middle of a probable short-term range in the final session of the week but next Wednesday's Canadian inflation figures could see it breaking down toward either 1.67 up ahead, or climbing in the direction of 1.72 instead.