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USD/CAD holds near multi-week low on oil, BoC hike bets: Oct 20, 2026

The Canadian dollar has extended its recovery to multi-week and one-month highs, with USD/CAD holding above 1.4100 ahead of Canadian inflation data. The move reflects higher oil prices, a subdued U.S. dollar as Fed pause expectations rise, and strengthening Bank of Canada rate-hike bets. September CPI printed at 3.1% year over year versus 3.2% expected, keeping attention on inflation and hawkish BoC expectations.

Updated

This day is still open. Its readings are published once it closes. The live reading is on the USD/CAD page.

The day on the wire

00:0006:0012:0018:0024:00

Each tick is a headline first seen that day.

Headlines (17)

First seen on October 20

Carried over from earlier days

Scheduled events

As of

EventForecastCurrency
Tuesday, October 20
ADP Weekly Employment ChangeUSD
Building Permits1.39MUSD
Housing Starts1.30MUSD
Pending Home Sales m/m-0.6%USD
API Weekly Statistical BulletinUSD
FOMC Financial Stability ReportUSD
Annual Budget ReleaseCAD
Wednesday, October 21
Crude Oil Inventories-0.1MUSD

October 20 on other markets

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