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fxJun 10, 2026, 4:25 PM

Bank of Canada Holds Rates Steady, Canadian Dollar Recovers from Intraday Lows

The Bank of Canada kept interest rates unchanged, causing the Canadian Dollar to pare losses against the US Dollar. USD/CAD traded around 1.3925 after recovering from an intraday low.

USDCAD

The Bank of Canada (BoC) maintained its key interest rate at the current level during its latest monetary policy announcement on Wednesday. The decision prompted the Canadian Dollar (CAD) to trim some of its recent losses against the US Dollar (USD).

At the time of writing, USD/CAD was trading near 1.3925, having recovered from an earlier intraday low. The currency pair had briefly gained on the back of the BoC's hold, but the move was limited as markets digested the central bank's steady stance.

Source: FXStreet Forex News