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Market Impact: 0.25

Canadian dollar extends daily losing streak as BoC minutes show patience

Currency & FXMonetary PolicyInterest Rates & Yields

The Canadian dollar fell for a sixth straight day against the U.S. dollar as the greenback posted broad-based gains. Bank of Canada minutes indicated policymakers were comfortable staying on the sidelines, reinforcing a wait-and-see stance and weighing on CAD sentiment.

Analysis

The Canadian dollar fell for a sixth straight day against the U.S. dollar as the greenback posted broad-based gains. Bank of Canada minutes indicated policymakers were comfortable staying on the sidelines, reinforcing a wait-and-see stance and weighing on CAD sentiment.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.15