The Canadian dollar held near a one-month high against the U.S. dollar on Friday, extending a rally supported by rising oil prices and shifting interest rate expectations in Canada. The U.S. dollar traded around C$1.4000 in early trading, though the exact rate at 8:10 a.m. ET could not be independently verified. Oil supports the loonie because Canada is a major energy exporter. Investors are awaiting the Bank of Canada's next policy decision on October 28, and a more hawkish outlook relative to the U.S. Federal Reserve could further support the currency.
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Related tickers and likely impact
USD/CAD
▼ Likely negativeRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/22/2026 | 1.40091 |
| Change that session | -0.28% |
DXY
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/22/2026 | 101.62 |
| Change that session | -0.07% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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