Canada’s economy expanded by 1% in the third quarter. Markets raised the chances of another super-sized BoC rate cut from 31% to 50%. Market participants are awaiting the US nonfarm payrolls report. The USD/CAD outlook shows a weak Canadian dollar after data last week raised the likelihood of another massive Bank of Canada rate cut…
The post USD/CAD Outlook: Markets Brace for Aggressive BoC Rate Cut appeared first on Forex Crunch.
Read Full Story
Latest posts by Forex Crunch (see all)
- GBP/USD Price Analysis: Upbeat UK Jobs Boost Pound - May 13, 2025
- AUD/USD Outlook: Aussie Gains on Pause in China–US Trade War - May 13, 2025
- USD/JPY Outlook: Yen Loses Shine as Safe-Haven Appeal Dims - May 12, 2025
