USD/CAD news for October 16, 2026
The Canadian dollar touched two-week highs near 1.4195-1.4200 as the US dollar retreated amid lower US yields and dovish Fedspeak. Attention is turning to Canada's September CPI report, alongside WTI oil around $96.00, Bank of Canada commentary on oil, tariffs and job losses, and remarks from Prime Minister Mark Carney on US-Canada tensions.
Updated
This day is still open. Its readings are published once it closes. The live reading is on the USD/CAD page.
Headlines (10)
First seen on October 16
- Event Guide: Canada’s CPI Report (September 2026)babypips.com
- WTI hovers around $96.00 as Trump declines nuclear weapon use in IranFXStreet
- Prime Minister Mark Carney says US is trying to break Canada as Alberta votes on separation pathABC News
Carried over from earlier days
- USD/CAD Price Forecast: Hovers around 1.4200 after breaking below nine-day EMAFXStreet
- USD/CAD Price Forecast: Trades near 1.4200 after breaking below nine-day EMAFXStreet
- Euro gains against Canadian Dollar despite ECB facing rate pause pressureFXStreet
- 1.4195: Canadian Dollar tests range top amid lower US Yields, dovish FedspeakFXStreet
- USDCAD sellers make a break for it and fail. What next technically?InvestingLive
- Canadian Dollar hits two-week highs as US Dollar retreatsFXStreet
- Macklem in Bangkok: oil, tariffs and job losses test the Bank of Canada’s hike caseInvestingLive
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Friday, October 16 | ||
| Fed Chairman Warsh Speaks | USD | |
| BOC Gov Macklem Speaks | CAD | |
| Gov Council Member Alexopoulos Speaks | CAD | |
| Housing Starts | 234K | CAD |
| Foreign Securities Purchases | 23.59B | CAD |
| Import Prices m/m | 0.9% | USD |
| Industrial Production m/m | 0.4% | USD |
| Capacity Utilization Rate | 76.5% | USD |