

others
Canadian Dollar retreats further amid growing market uncertainty – Crypto News
- The Canadian Dollar eased another 0.6% lower on Monday against the Greenback.
- Bank of Canada rate call due on Wednesday, expected to cut another 25 bps.
- Market sentiment continues to sour as Trump administration tilts away from “recession” talk.
The Canadian Dollar (CAD) shed further ground on Monday, extending last Friday’s late-week declines and shedding another six-tenths one percent against the US Dollar (USD). CAD markets are coiling ahead of the Bank of Canada’s (BoC) upcoming rate call during the midweek, which is expected to reduce interest rates another quarter of a percent to 2.75%.
Adding to market pressures forcing the Loonie lower are ongoing trade war and recession fears. Market sentiment has soured recently as United States (US) President Donald Trump’s waffling on his own tariff policy has left markets uneasy about the US’ ability to maintain price stability as US businesses grapple with steep potential price increases.
Daily digest market movers: Risk sentiment plummets on fresh recession fears
- Broad-market sentiment has soured steeply on Monday as investors pull out of equities and bonds, piling into the US Dollar and forcing the Loonie lower.
- US President Donald Trump, when asked about a possible recession looming over the US economy, tried to wave off the suggestion by branding it as a “transition period” for the US economy. Markets reacted poorly.
- Key US inflation data is due this week on Wednesday and investors are hoping for another cooldown in headline US Consumer Price Index (CPI) inflation, which accelerated in January.
- The BoC’s latest rate call is also due on Wednesday and is expected to trim another 25 bps from its main reference rate.
- On top of US CPI inflation, US Producer Price Index (PPI) inflation is due on Thursday, where markets are hoping for a similar easing in business-level inflation pressures.
Canadian Dollar price forecast
The Canadian Dollar continues to churn within a familiar consolidation range. USD/CAD has risen back into all-too-familiar chart territory near 1.4450. The 1.4500 major price handle remains a key technical barrier, keeping USD/CAD pinned in an uneasy sideways channel.
USD/CAD caught a fresh bounce from the 50-day Exponential Moving Average (EMA) near 1.4315. However, Loonie’s weakness appears to have run its course and the pair is quickly running into steep technical resistance. A near-term technical floor is priced near the low end of USD/CAD’s ongoing channel, near the 1.4300 handle.
USD/CAD daily chart
Canadian Dollar FAQs
The key factors driving the Canadian Dollar (CAD) are the level of interest rates set by the Bank of Canada (BoC), the price of Oil, Canada’s largest export, the health of its economy, inflation and the Trade Balance, which is the difference between the value of Canada’s exports versus its imports. Other factors include market sentiment – whether investors are taking on more risky assets (risk-on) or seeking safe-havens (risk-off) – with risk-on being CAD-positive. As its largest trading partner, the health of the US economy is also a key factor influencing the Canadian Dollar.
The Bank of Canada (BoC) has a significant influence on the Canadian Dollar by setting the level of interest rates that banks can lend to one another. This influences the level of interest rates for everyone. The main goal of the BoC is to maintain inflation at 1-3% by adjusting interest rates up or down. Relatively higher interest rates tend to be positive for the CAD. The Bank of Canada can also use quantitative easing and tightening to influence credit conditions, with the former CAD-negative and the latter CAD-positive.
The price of Oil is a key factor impacting the value of the Canadian Dollar. Petroleum is Canada’s biggest export, so Oil price tends to have an immediate impact on the CAD value. Generally, if Oil price rises CAD also goes up, as aggregate demand for the currency increases. The opposite is the case if the price of Oil falls. Higher Oil prices also tend to result in a greater likelihood of a positive Trade Balance, which is also supportive of the CAD.
While inflation had always traditionally been thought of as a negative factor for a currency since it lowers the value of money, the opposite has actually been the case in modern times with the relaxation of cross-border capital controls. Higher inflation tends to lead central banks to put up interest rates which attracts more capital inflows from global investors seeking a lucrative place to keep their money. This increases demand for the local currency, which in Canada’s case is the Canadian Dollar.
Macroeconomic data releases gauge the health of the economy and can have an impact on the Canadian Dollar. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the CAD. A strong economy is good for the Canadian Dollar. Not only does it attract more foreign investment but it may encourage the Bank of Canada to put up interest rates, leading to a stronger currency. If economic data is weak, however, the CAD is likely to fall.
-
Blockchain1 week ago
Ripple and Ctrl Alt Team to Support Real Estate Tokenization – Crypto News
-
others1 week ago
EUR/USD recovers with trade talks and Fed independence in focus – Crypto News
-
Technology1 week ago
Fed Rate Cut Odds Surge As Powell’s Future Hangs In The Balance – Crypto News
-
Cryptocurrency1 week ago
It’s a Statement, Says Bitfinex Alpha – Crypto News
-
Metaverse1 week ago
Why voice is emerging as India’s next frontier for AI interaction – Crypto News
-
Technology1 week ago
Fed Rate Cut Odds Surge As Powell’s Future Hangs In The Balance – Crypto News
-
Business1 week ago
XLM Is More Bullish Than ETH, SOL, And XRP, Peter Brandt Declares – Crypto News
-
Cryptocurrency1 week ago
Anarchy, crime and stablecoins – Blockworks – Crypto News
-
Business1 week ago
Pepe Coin Rich List June 2025: Who’s Holding Highest PEPE as it Nears Half a Million Holders? – Crypto News
-
others1 week ago
Top Crypto Exchange by Trading Volume Binance Announces Airdrop for New Ethereum (ETH) Ecosystem Altcoin – Crypto News
-
Cryptocurrency1 week ago
Bitcoin trades near $119K after new all-time high; Coinbase rebrands wallet to ‘Base App’ – Crypto News
-
Cryptocurrency1 week ago
1inch price forecast: 1INCH hits 7-month high after double digit gains – Crypto News
-
Cryptocurrency1 week ago
1inch price forecast: 1INCH hits 7-month high after double digit gains – Crypto News
-
others1 week ago
VanEck Details Key Drivers Boosting Bitcoin Price, Including Corporate Treasury Demand, ETF Flows and More – Crypto News
-
Business1 week ago
XRP Lawsuit Update: Ripple Paid $125M in Cash, Settlement Hinges on Appeal – Crypto News
-
De-fi7 days ago
BNB Chain Teases New Blockchain with Privacy Features to Compete With Crypto Exchanges – Crypto News
-
Technology6 days ago
Breaking: GENIUS Act Becomes First Major Crypto Legislation as Trump Signs Bill – Crypto News
-
Technology6 days ago
“Decentralized Ponzi Scheme”- Gold Bug Peter Schiff Slams Landmark Crypto Bills – Crypto News
-
Cryptocurrency5 days ago
Shytoshi Kusama Breaks Silence on New SHIB AI Whitepaper and Transformed Future – Crypto News
-
Technology1 week ago
XLM Price Forecast: Why Stellar Lumens May Crash After 80% Rally in Last 7 Days – Crypto News
-
Cryptocurrency1 week ago
Hypercharged Exposure to XRP and Solana Now Available With These Two ETFs – Crypto News
-
Blockchain1 week ago
BitMine Shares Rallied After Peter Thiel Investment. – Crypto News
-
others1 week ago
Scammer Drains $10,000,000 From IRS in International Tax Fraud and Identity Theft Scheme: DOJ – Crypto News
-
Business1 week ago
Ethereum Price Prediction- Bulls Target $3,700 As ETH Treasury Accumulation Soars – Crypto News
-
others1 week ago
GBP/USD rallies on US PPI dip and Trump’s potential Powell removal – Crypto News
-
others1 week ago
GBP/USD rallies on US PPI dip and Trump’s potential Powell removal – Crypto News
-
Cryptocurrency1 week ago
Russia’s $85 Billion Sberbank to Launch Crypto Custody Services – Crypto News
-
De-fi1 week ago
U.S. House Passes Clarity, GENIUS, and Anti-CBDC Acts With Historic Bipartisan Support for Crypto – Crypto News
-
Cryptocurrency7 days ago
XRP Price Spikes to Record Highs As Momentum Signals Extended Gains – Crypto News
-
Blockchain6 days ago
Why Bitcoin self-custody is declining in the ETF era – Crypto News
-
Cryptocurrency6 days ago
US House passes three key crypto bills; market reaction muted as Bitcoin dips – Crypto News
-
De-fi6 days ago
Crypto Market Cap Hits $4 Trillion Milestone as US House Passes Landmark Bills – Crypto News
-
Cryptocurrency6 days ago
California Sheriffs Believe 74-Year-Old’s Disappearance Linked to Son’s Crypto Fortune – Crypto News
-
Cryptocurrency5 days ago
Altseason heats up, but Bitcoin could face short-term pullback – How? – Crypto News
-
others5 days ago
Why Is The Crypto Market Rising Today? – Crypto News
-
Cryptocurrency5 days ago
Sanctum acquires Ironforge, plots transaction infrastructure vertical – Crypto News
-
Cryptocurrency4 days ago
XRP Price Hits All-Time High at $3.66 — Can It Smash Through $4 After Trump Win & SEC Shake-Up? – Crypto News
-
Blockchain3 days ago
Institutional Demand Surges As Ethereum Sets New Inflow Records – Crypto News
-
De-fi1 week ago
DeFi TVL Surges Past $126B, Up Over 45% Since April – Crypto News
-
Cryptocurrency1 week ago
Exclusive: Bitwise to roll out daily attestations for bitcoin ETFs – Crypto News
-
Metaverse1 week ago
Broadcom challenges Nvidia’s AI dominance with ultra-connected Tomahawk networking chip launch – Crypto News
-
De-fi1 week ago
Solana RWA Growth Outpaces Ethereum in 2025 – Crypto News
-
Cryptocurrency1 week ago
Nothing Burger or Crypto Catalyst? – Crypto News
-
Metaverse1 week ago
Nvidia’s Jensen Huang says AI ‘fundamental like electricity’, praises Chinese models as ‘catalyst for global progress’ – Crypto News
-
Business1 week ago
$800 Billion JPMorgan To Rival Tether, Circle, and Ripple In Stablecoin Race – Crypto News
-
Cryptocurrency1 week ago
300% Bitcoin (BTC) Skyrocketing, Ethereum (ETH) Below $3,000 Again, Was Shiba Inu (SHIB) Dump Controlled? – Crypto News
-
De-fi1 week ago
TAC Token Rallies 50% as TON Application Chain Launches to Bring DeFi Back to Telegram – Crypto News
-
others1 week ago
Crypto Exchange Hack: BigONE Users Lose A Massive $27 Million In Recent Exploit – Crypto News
-
Cryptocurrency1 week ago
Pi Network Activity Soars as Mystery Wallet Acquires Millions in PI Coins – Crypto News
-
Blockchain1 week ago
Citigroup CEO Confirms Interest In Issuing A Proprietary Stablecoin—Reuters – Crypto News