# Loonie Eases Toward C$1.4022 as Traders Brace for Central Bank Calls

> Canadian dollar dips ahead of Bank of Canada and Fed rate decisions.
- Title: Loonie Eases Toward C$1.4022 as Traders Brace for Central…
- Summary: Canadian dollar dips ahead of Bank of Canada and Fed rate decisions. Canadian dollar weakened to C$1.4022 as traders prepare for Bank of Canada and Federal…
- Keywords: canadian dollar, bank of canada, federal reserve, us dollar, overnight interest rate, c$1.4022, oil prices, finance, markets, Loonie, Eases, Toward
- Source: BigGo Finance — https://finance.biggo.com/news/e50273d5-edd5-4918-b356-0a6fd06407ff
- Author: BigGo Finance
- Published: 2026-10-27T18:31:06+00:00
- Read time: 1 min
- Topics: canadian dollar, bank of canada, federal reserve, us dollar, overnight interest rate, c$1.4022, oil prices, finance, markets
## Canadian dollar softens
Canadian dollar eased to C$1.4022 on Tuesday as traders prepared for Bank of Canada and Federal Reserve rate decisions.
## Seven-session winning streak ends
Loonie's longest winning streak since March 2022 ended Monday after trading between C$1.3999 and C$1.4055.
## Economists expect Bank of Canada rate hike
Most economists anticipate Bank of Canada raising overnight rate by 25 basis points to 2.50% despite softer domestic outlook.
## Fed decision impacts rate differential
Federal Reserve's rate move will shape the rate gap between Canada and the U.S. which affects loonie's value.
## Oil prices drive loonie volatility
Crude oil prices remain a key factor as Canada's economy relies on energy exports and oil swings.
## Traders brace for twin central bank calls
Markets focus on Bank of Canada's decision amid debate over stubborn inflation versus slowing growth.
## Key takeaway

Canadian dollar weakened to C$1.4022 as traders prepare for Bank of Canada and Federal Reserve rate decisions.