USD/CAD above 1.4000 as oil weighs, BoC hike bets support loonie: Oct 27, 2026
USD/CAD has moved above 1.4000 as lower oil prices weigh on the Canadian dollar while a stronger US dollar adds pressure. At the same time, bets on a hawkish Bank of Canada hike to 2.50% and the Alberta vote have provided support for the loonie.
Updated
This day is still open. Its readings are published once it closes. The live reading is on the USD/CAD page.
Headlines (11)
First seen on October 27
- Canadian Dollar weakens due to stronger US Dollar, lower oil pricesFXStreet
- Canadian Dollar: Cautious outlook into year-end – NBCFXStreet
- Loonie Gains on Alberta Vote and Hawkish BoC. Forecast as of 27.10.2026LiteFinance
Carried over from earlier days
- Bank of Canada preview: 81% chance of first hike in a year to 2.50%, economists splitInvestingLive
- Canadian Dollar gains despite lower oil pricesFXStreet
- Canadian Dollar: BoC rate hike bets boost support against USD - BBHFXStreet
- USD/CAD Price Forecast; Dollar picks up above 1.4000 as Oil prices hit the CADFXStreet
- Bank of Canada now expected to hike key rate as it faces ‘pivotal decision’boereport.com
- BoC Seen Hiking, Markets Look for Hawkish SignalsActionForex
- Canadian Dollar: Rate hikes in sight – CommerzbankFXStreet
- Carney says Canada has not budged as US trade deal looks less imminent than claimedInvestingLive
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Tuesday, October 27 | ||
| ADP Weekly Employment Change | USD | |
| Durable Goods Orders m/m | 2.0% | USD |
| Core Durable Goods Orders m/m | 0.6% | USD |
| S&P/CS Composite-20 HPI y/y | 2.6% | USD |
| HPI m/m | 0.2% | USD |
| Richmond Manufacturing Index | 0 | USD |
| CB Consumer Confidence | 81.2 | USD |
| New Home Sales | 651K | USD |