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The BoC is likewise set to continue easing interest rates through 2025, at least at a faster pace than the Fed is expected to, which will apply pressure on CAD’s already-rising rate differential.

USD/CAD posts a fresh 15-day high 1.4350 amid a strong recovery in the US Dollar. Investors expect Trump’s tax agenda to be pro-growth and inflationary for the economy. BoC dovish bets continue ...

Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.