Canadian dollar climbs to one-month high on BoC hike bets: Oct 22, 2026
The Canadian dollar has climbed to one-month highs as Bank of Canada rate-hike bets strengthen, with a hawkish BoC stance and capital flows cited as lifting the loonie. USDCAD has been trending lower since last Wednesday's peak, while focus remains on the BoC's growth-inflation trade-off, debate over Canada's gasoline-led inflation, and comments from Carney on Trump's tariffs.
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 22
Carried over from earlier days
- USD/CAD Price Forecast: Declines below 1.4100, but holds mildly bullish bias above key supportFXStreet
- Hawkish BoC and Capital Flows Lift the Loonie. Forecast as of 20.10.2026LiteFinance
- Euro Lags as French Bond Yields Near 5%, Sterling and CAD Gain on Hike BetsActionForex
- Canada’s inflation scare is a gasoline story, not a rate-hike storyFXStreet
- USDCAD Technicals: The USDCAD has been trending lower since last Wednesday peak. What next?InvestingLive
- Canadian Dollar climbs to one-month highs as BoC rate-hike bets strengthenFXStreet
- Canadian Dollar: CAD gains against US Dollar on BoC bets – ScotiabankFXStreet
- Bank of Canada: Growth inflation trade-off in focus – RBCFXStreet
- Canadian Dollar gains momentum on rising oil prices, hawkish BoC rate hike betsFXStreet
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Thursday, October 22 | ||
| IPPI m/m | 0.9% | CAD |
| NHPI m/m | -0.1% | CAD |
| RMPI m/m | 3.1% | CAD |
| Unemployment Claims | 200K | USD |
| CB Leading Index m/m | -0.1% | USD |
| Natural Gas Storage | 80B | USD |
| Friday, October 23 | ||
| Core Retail Sales m/m | 1.1% | CAD |
| NHPI m/m | CAD | |