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Thursday, 29 October 2026

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Canadian Dollar: Limited upside against US Dollar despite BoC hike - ING

Trade News UK sterling-and-streets note (2026-10-29): Francesco Pesole at ING highlights that the Bank of Canada’s (BoC) 25bp hike to 2.50% is unlikely to be the last, with another move expected in early 2027 and… Primary source: original at FXStreet (fxstreet.com).

By FXStreet

Canadian Dollar: Limited upside against US Dollar despite BoC hike - ING

Francesco Pesole at ING highlights that the Bank of Canada’s (BoC) 25bp hike to 2.50% is unlikely to be the last, with another move expected in early 2027 and risks of an earlier increase if energy prices stay high.

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