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Poloz’s speech added to the bearish narrative of the Loonie.

February 22, 2019

The USD/CAD pair has been feeling the pressure from the “risk-off” environment in North American equity when Bank of Canada’s Poloz spoke and said that the path back to a neutral range is ‘highly uncertain’ due to housing and investment.

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Today's expected ranges:

USD / CAD
1.3127 - 1.3230 ▼

CAD / EUR
0.6650 - 0.6695 ▲

CAD / GBP
0.5779 – 0.5860 ▲

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