USD/CAD Forecast: CAD Struggles as BoC Unchanged at 5%

<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" decoding="async" style="margin-bottom: 15px;" 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 maintained its key overnight interest rate at 5%. Canada’s GDP unexpectedly contracted by an annualized 0.2% during the second quarter. The BoC noted that inflation would temporarily rise before subsiding. Today’s USD/CAD forecast is slightly bullish. On Wednesday, the Bank of Canada (BoC) maintained its key overnight interest rate at 5%….</p>
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