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fxJun 8, 2026, 11:23 AM

Canadian Dollar Underperforms at Start of BoC Policy Week

The Canadian Dollar weakened against major currencies on Monday as traders turned cautious ahead of the Bank of Canada's monetary policy announcement this week.

The Canadian Dollar (CAD) traded lower against its major currency peers during European trading hours on Monday, reflecting cautious positioning ahead of the Bank of Canada's (BoC) monetary policy decision scheduled for this week.

Market participants are awaiting the BoC's announcement, with the currency underperforming as uncertainty over the interest rate outlook weighs on sentiment. No specific policy expectations were mentioned in the report.

Source: FXStreet Forex News