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fxJul 16, 2026, 1:46 PM

Canadian Dollar Extends Gains Against US Dollar, USD/CAD at 1.4010

The Canadian Dollar strengthens further, pushing USD/CAD to 1.4010, though the Bank of Canada's stance may limit additional upside.

USDCAD

The Canadian Dollar (CAD) continued its advance against the US Dollar (USD) on Thursday, with USD/CAD trading around 1.4010. The pair was down 0.21% on the day, reflecting ongoing CAD strength.

However, the Bank of Canada's (BoC) policy stance is seen as a limiting factor for further CAD gains. Traders are monitoring BoC commentary for hints on future rate decisions that could temper the currency's rally.

Source: FXStreet Forex News