The post Canadian Dollar looks higher as bullish recovery continues appeared on BitcoinEthereumNews.com.

The Canadian Dollar (CAD) hit a bit of a bump and run against the US Dollar (USD) on Monday, clawing back further ground in a much-needed technical bounce-back from 30-week lows. Loonie traders are awaiting further developments on both trade between Canada and the US, as well as a clearer picture of how likely both the Bank of Canada (BoC) and the Federal Reserve (Fed) will keep cutting interest rates into the end of the year. Canadian Prime Minister Mark Carney has noted several times over the past several weeks that trade talks between his office and US President Donald Trump’s administration have not resumed since Donald Trump abruptly pulled out of all discussions recently. Trump remains irate over commercials that aired, quoting former President Ronald Reagan, criticizing trade tariffs, a favored method of Donald Trump’s for achieving a pyrrhic trade war victory at a cost to US taxpayers. With trade talks still on ice, it remains difficult for the Trump administration to provide evidence of a resounding, bully-style trade war victory against Canada as key members of Trump’s team frequently claim is in the works. Daily digest market movers: Canadian Dollar extends recovery as central bank expectations weigh on USD/CAD rate The Canadian Dollar is slowly clawing back ground after hitting six-month lows against the US Dollar last week. Bullish Loonie momentum may find a floor now that rate markets expect the Bank of Canada to hold steady on interest rates through the end of 2026 at minimum, but that chould change if economic conditions deteriorate further. The official Canadian inflation rate rotated higher at the last print, rising to 2.4% YoY and tipping back above the BoC’s upper band target of 2.0%. Financial markets are broadly awaiting signals that the Fed will deliver a third interest rate cut…

---

Filed under: News - @ November 10, 2025 7:34 pm