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At close · Sat, Oct 24, 2026
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Home›Forex›Major Pairs›Canadian Dollar softens despite BoC rate hike expectat…

Canadian Dollar softens despite BoC rate hike expectations

Reported · Written up by our desk · Major Pairs

The USD/CAD pair trades with mild gains near 1.4010 during the early European trading hours on Monday. A decline in crude oil prices weighs on the commodity-linked Canadian Dollar (CAD) against the US Dollar (USD).

Latest closeWTI crude $103.44 ▲4.0%

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Sources

FXStreetCanadian Dollar softens despite BoC rate hike expectations

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