USD/CAD steady as yields fall ahead of Bank of Canada meeting: Oct 25, 2026
Yields fell as tech stocks slid, setting the backdrop for USD/CAD. Focus is shifting to a week with five G10 central bank meetings, with the Bank of Canada seen as among the most likely to hike. The CFTC report also showed the WTI rally running ahead of positioning, a point of attention for the Canadian dollar.
Updated
The reading that day
NeutralAt the close of the UTC day.
BearishNeutralBullish
It held all day.
The day on the wire
00:0006:0012:0018:0024:00
The band shows the reading through the day; a mark shows where it changed. Each tick is a headline first seen that day.
The reading through the day
- 00:00Neutral
Headlines (15)
Carried over from earlier days
- The Bank of Canada at an Inflection Point: Inflation Fears Live onActionForex
- Canadian Dollar: Pressured near 1.40 against US Dollar – TD SecuritiesFXStreet
- How have interest rate expectations changed after this week's events?InvestingLive
- Canada August retail sales +1.2% vs +1.3% expectedInvestingLive
- Canadian Dollar extends winning streak as Fed-BoC policy divergence comes into focusFXStreet
- USDCAD falls below 1.4000 as stronger Canadian spending keeps sellers in controlInvestingLive
- Bank of Canada: Preemptive tightening focus – RBCFXStreet
- Bank of Canada: Gradual return to neutral – TD SecuritiesFXStreet
- Trump expected to ease some Canadian tariffs as Republicans face midterm pressure: WSJaa.com.tr
- Ahead of Tight Race, Trump Exempts Some Canadian Goods From TariffsThe New York Times
- FURTHER MODIFYING THE SCOPE OF PRODUCTS OF CANADA SUBJECT TO THE ADDITIONAL DUTIES IMPOSED TO OFFSET CANADIAN DISCRIMINATION AGAINST THE COMMERCE OF THE UNITED STATES WITH RESPECT TO MOTOR VEHICLESwhitehouse.gov
- Some Republicans are opposing Trump on tariffs. Maine’s Susan Collins just got him to back down on Canadian levies.MarketWatch
- The Weekly Bottom Line: Yields Fall as Tech Stocks Sell OffActionForex
- Week Ahead: Five G10 Central Banks Meet and Reserve Bank of New Zealand and the Bank of Canada are Most Likely to Hikemarctomarket.com
- CFTC Report: WTI rally runs ahead of positioningFXStreet
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Sunday, October 25 | ||
| Fed Monetary Policy Report | USD | |
| Tuesday, October 27 | ||
| ADP Weekly Employment Change | USD | |
| Durable Goods Orders m/m | 1.8% | USD |
| Core Durable Goods Orders m/m | 0.6% | USD |
| S&P/CS Composite-20 HPI y/y | 2.7% | USD |
| HPI m/m | 0.1% | USD |
| CB Consumer Confidence | 80.5 | USD |
| New Home Sales | 649K | USD |