The Canadian dollar slipped against the U.S. dollar as markets awaited the Bank of Canada’s policy meeting and the Federal Reserve’s upcoming rate decision. At 08:00 local time, the CAD/USD crossed 1.3525, down 0.23% from the previous close. Commodity prices moved in a mixed direction: gold fell 0.23% to C$4,051.08 per ounce, silver slid 0.80% to C$54.075, WTI crude rose 1.38% to C$101.28, Brent climbed 1.30% to C$110.83, copper slipped 0.06% to C$6.6483, aluminium dropped 0.10% to C$3,096.90, and natural gas edged up 2.10% to C$3.067. These shifts underscore market sensitivity to potential interest‑rate changes in both Canada and the United States.
Currencies · samer saeed · October 28, 2026
Canadian Dollar Retreats Ahead of Bank of Canada and Fed Rate Announcements
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