Bank of Canada sets exchange rate at C$1.3960 per US dollar
What happened
The Bank of Canada recorded an exchange rate of C$1.3960 per US dollar on October 30, 2026. This rate places the Canadian dollar at approximately 71.63 US cents. At this rate, Canadian savings bought fewer American dollars than they would if the currencies were closer to parity.
From ibtimes.co.uk
Why it matters
The exchange rate affects the Canadian-dollar value of American holdings, even when US share prices change. A stronger Canadian dollar could reduce the value of American investments, while a weaker dollar could have the opposite effect on returns.
The event is part of market expectations regarding central bank rate decisions.
From ibtimes.co.uk
Who's involved
- Bank of CanadaCentral bank of Canada that set the exchange rate
- Tiff MacklemGovernor of the Bank of Canada
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Toronto-Dominion BankSpeculative
Toronto-Dominion Bank might influence foreign exchange trading and currency risk management.
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The entities involved
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Bank of Canada
central bank of Canada
Related events
- The Bank of Canada raised interest rates in Canada following the release of new economic data by Statistics Canada.
- Bank of Canada sets policy rates amid US trade uncertainty, while Middle East conflict drives up energy prices and supply chain disruptions.
- Canada hosts the Canada-EU Summit while Statistics Canada releases GDP figures and the Bank of Canada prepares its interest rate decision.
- Inflation data from Statistics Canada is guiding the Bank of Canada's interest rate decisions, alongside trade talks and global financial shifts.
- Regulations for Canadian financial institutions are overseen by the Bank of Canada.