Canadian dollar slides to 2026 low as traders expect Bank of Canada to hold rates

The Bank of Canada's steady rate amid economic weakness highlights global fragility, influencing investor strategies and currency dynamics. The post Bank of Canada holds interest rate steady at 2.25% as bonds rally on economic weakness appeared first on Crypto Briefing.

Trade uncertainty is driving structural economic shifts in Canada, limiting traditional policy effectiveness and heightening investment risks. The post Bank of Canada Governor Macklem warns trade uncertainty is reshaping the Canadian economy appeared first on Crypto Briefing.

The Bank of Canada's steady rate signals cautious optimism, but global trade tensions and modest growth pose ongoing economic uncertainties. The post Bank of Canada holds rates at 2.25% as Governor Macklem downplays recession fears appeared first on Crypto Briefing.

The BoC's rate hold amid global uncertainties highlights potential volatility in Canadian markets, impacting inflation, exports, and investment strategies. The post Bank of Canada holds key interest rate at 2.25%, flags US trade uncertainty and Iran war risks appeared first on Crypto Briefing.

The unexpected job surge may delay rate cuts, strengthening the Canadian dollar and impacting trade, investments, and crypto markets. The post Canada adds 88,000 jobs in May, unemployment rate falls to 6.6% appeared first on Crypto Briefing.

The post Canadian Dollar: Recession and jobs data weigh against US Dollar – BBH appeared on BitcoinEthereumNews.com. Brown Brothers Harriman (BBH) strategist Elias Haddad highlights that the Canadian Dollar (CAD) underperformed as weaker Oil and an unexpected technical recession hit sentiment. With Q1 Gross Domestic Product (GDP) contracting and labor data showing rising slack, Haddad argues that current Bank of Canada (BoC) hike pricing looks too aggressive and sees scope for USD/CAD to overshoot toward resistance at 1.3930, the January high, as rate expectations adjust lower. Weak growth challenges BoC pricing “CAD underperformed most major currencies last week undermined by a decline in crude oil prices and Canada’s economy unexpected entry into technical recession.” “Canada real GDP fell at an annualized pace of -0.1% in Q1 (consensus and Bank of Canada projection: 1.5%) and the contraction in Q4 was revised 0.4ppt higher to -1.0%. The decline in Q1 GDP may be exaggerated by a surg

The post Euro strengthens against Canadian Dollar following German Retail Sales appeared on BitcoinEthereumNews.com. EUR/CAD extends its gains for the second successive day, trading around 1.6110 during the European hours on Monday. The currency cross remains stronger following the release of German Retail Sales data, which fell 0.3% month-on-month (MoM), while it was expected to have declined 0.4%. In March, Retail Sales dropped by 0.3% (revised from 2.0%). On an annualized basis, Retail Sales decreased 0.3%, compared to the prior release of a 0.2% decline (revised from 2.0%). The broader Eurozone faces a complex inflationary environment. Flash data for May revealed that while price pressures slowed in Germany, inflation accelerated in France, Italy, and Spain, leaving all four nations well above the European Central Bank’s (ECB) 2% target. This sticky inflation, combined with recent ECB Meeting Minutes showing that some policymakers had already pushed for a rate hike in April, strong

The post Canadian Dollar weakens on risk-off mood, dovish BoC’s tone appeared on BitcoinEthereumNews.com. USD/CAD extends its gains for the second successive day, trading around 1.3810 during the early European hours on Monday. The pair appreciates as the US Dollar (USD) holds ground on increased safe-haven demand amid US-Iran peace uncertainty. The US ISM Manufacturing Purchasing Managers Index (PMI) report will be published later on Monday. The geopolitical landscape remains fluid as diplomatic channels between Washington and Tehran experience ongoing activity. Iranian Foreign Minister Abbas Araghchi confirmed that talks and message exchanges with the United States are currently underway. However, Araghchi maintained a cautious stance, emphasizing that it remains impossible to properly evaluate the trajectory of these negotiations until a definitive and clear outcome is officially reached. Adding momentum to these diplomatic efforts, US President Donald Trump has requested specific r