1326 GMT - The Canadian dollar could fall if the Bank of Canada's latest summary of monetary policy deliberations show concerns about the economic outlook amid the risk of U.S. tariffs, Monex Europe analysts say in a note. Recent comments from BOC policymakers signal a preference for ending the interest rate cutting cycle. This is "at odds with underlying economic fundamentals and the adverse backdrop posed by potential Trump tariffs," the analysts say. The BOC's internal discussions at the last policy meeting likely gave more thought to this economic backdrop. A hint in this direction could lift USD/CAD further. USD/CAD rises 0.1% to 1.4299. The BOC summary will be released at 1830 GMT. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
February 12, 2025 08:26 ET (13:26 GMT)
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