Image source: Bank of Canada. FX • CAD • Bank of Canada

A Canadian dollar needs greater inspiration from Carney’s government. 📉

CAD softened on Thursday after the Bank of Canada’s 25bp cut, with immediate reaction skewing mildly negative for the currency. 💱

GBP/CAD lifted from 1.8325 to 1.8404, though broader GBP pressure masks some post–BoC CAD weakness context . 💶

EUR/CAD rose to 1.62 from 1.6146, while USD/CAD climbed to 1.3964 from 1.39 as the dollar benefited from the Fed’s hawkish cut read more .

The price action

The Canadian dollar is losing value on Thursday , hours after the Bank of Canada cut interest rates by 25bp.

The move was widely anticipated and the initial reaction was a measured CAD selloff – nothing dramatic, but softness nevertheless.

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