USD/CAD Forecast: Loonie Loses Ground After BoC’s Pause

<div><img width="400" height="267" src="https://www.forexcrunch.com/wp-content/uploads/2021/08/USD_CAD_Loonie_Flags.jpg" class="type:primaryImage wp-post-image" alt="my USD/CAD forecast" style="margin-bottom: 15px;" decoding="async" srcset="https://www.forexcrunch.com/wp-content/uploads/2021/08/USD_CAD_Loonie_Flags.jpg 400w, https://www.forexcrunch.com/wp-content/uploads/2021/08/USD_CAD_Loonie_Flags-300×200.jpg 300w, https://www.forexcrunch.com/wp-content/uploads/2021/08/USD_CAD_Loonie_Flags-150×100.jpg 150w" sizes="(max-width: 400px) 100vw, 400px" /></div>
<p>The Bank of Canada (BoC) maintained its key overnight rate at 5%. Canadian economic activity grew at its fastest pace in seven months in November. Canada recorded a larger-than-expected trade surplus of C$2.97 billion in October. The USD/CAD forecast suggests a positive shift favoring the pair as the Canadian dollar weakens after the BoC’s decision…</p>
<p>The post <a href="https://www.forexcrunch.com/blog/2023/12/07/usd-cad-forecast-loonie-loses-ground-after-bocs-pause/">USD/CAD Forecast: Loonie Loses Ground After BoC&#8217;s Pause</a> appeared first on <a href="https://www.forexcrunch.com">Forex Crunch</a>.</p>