Trade The World
USD/CAD holds firm above 1.4000 ahead of BOC survey – BBH
By FXStreet Insights Team
Date Published: 20 Oct 2025 | Date Modified: 20 Oct 2025
POPULAR ARTICLES
USD/CAD remains firm above 1.4000 as attention turns to the Bank of Canada’s Q3 Business Outlook Survey.
USD/CAD remains firm above 1.4000 as attention turns to the Bank of Canada’s Q3 Business Outlook Survey. Markets will focus on firms’ hiring intentions, with BOC Governor Tiff Macklem having highlighted the softness in Canada’s labor market and firms’ caution toward expanding workforces, BBH FX analysts report.
Canadian labor market focus ahead of Q3 business outlook
"USD/CAD is firm above 1.4000 and will take its cue today from the Bank of Canada’s (BOC) Q3 Business Outlook Survey indicator (3:30pm London, 10:30am New York). Attention will be on firms’ hiring intentions given that BOC Governor Tiff Macklem called Canada’s labor market “soft” and warned that firms are “very cautious” about hiring."
"In Q2, hiring intentions remained subdued as fewer firms than usual planned to increase their labor force over the next year. The swaps curve implies 70% odds of a 25bps cut at the next October 29 meeting."
FXStreet
More than a million users rely on FXStreet for real-time market data, charting tools, expert insights, and forex news. Its comprehensive economic calendar and educational webinars help traders stay informed and make calculated decisions. FXStreet is supported by a team of about 60 professionals, split between the Barcelona headquarters and various global regions.
Read More
