USD/CAD holds firm above 1.4000 ahead of BOC survey – BBH

FXStreetOct 20, 2025 11:51 AM

View all comments（0）



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."

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

Micron Stock Price Forecast: $250 Billion Investment Plan Boosts Sentiment, Stock Price Expected to Rise to $1,400 in July

TradingKey - As of July 9 ET, Micron Technology (MU) was trading at $991.64, up 4.42% for the day, with an intraday high of $1,035.00. Benefiting from the company's announced plan to expand investment in the U.S., the price correction may be ending, signaling the start of a new rally.

Arista Networks (ANET) Stock Forecast: 1.6Tbps Switch Launch Drives 7% Rally - BofA and KeyBanc at $200

Arista Networks jumped 7% on July 8 after launching its 1.6Tbps 7060XE7 AI switch backed by Meta, Microsoft, and Oracle. BofA and KeyBanc raised targets to $200. Q1: $2.71B revenue, 35% growth. Q2 earnings August 4.

Palantir (PLTR) Stock Forecast: Nvidia Partnership, Burry Covered, Trump Bought - Is the Bottom In?

Palantir surged 9% on July 1 after a Nvidia AI partnership, Burry trimming his short, and Trump disclosing a $1M+ PLTR stake. DA Davidson upgraded to Buy at $175. At $127 down 27% YTD, is the rotation beginning?

Broadcom (AVGO) Stock Price Forecast: Apple’s $30B US Chip Deal Confirmed - Buy at $404?

Apple confirmed a $30B+ multiyear Broadcom chip deal for 15 billion US-made chips, including a $1.5B Colorado facility expansion. AVGO at $404, defying a broad selloff driven by Trump declaring the Iran ceasefire over

Tesla Optimus Gen 3 Preliminarily Finalized? Musk Sets Mass Production Red Line for Supply Chain

TradingKey - According to a report by LatePost, multiple sources within Tesla’s supply chain revealed that the company recently issued specific procurement guidance for Optimus components to its suppliers. The guidance requires production capacity to be increased to 1,000 units per week by September this year, with a further increase to between 2,000 and 2,500 units per week by year-end. Based on the projected weekly capacity for the end of the year, suppliers will have the capability to provide components for approximately 100,000 Optimus units annually to Tesla by year-end.

Featured Tools