USD/CAD

AI take

The Canadian dollar is digesting Statistics Canada's print that the economy was essentially unchanged in August, with advance data pointing to a slight contraction in September, after the Bank of Canada's first rate increase in more than three years. Governor Tiff Macklem had said elevated energy prices could spill into broader inflation and that further tightening could still be needed. Crude's bounce on Iran-strike headlines is an overlay for the oil-linked currency after that hike. Watch WTI after Hormuz headlines and remaining data into both central-bank paths.

Scheduled take · 2026-10-31T04:10:04Z

• MarketScreener -- Canada GDP was seen dipping after two flat months