German Commercial Bank: The Canadian dollar rises before the Bank of Canada interest rate decision is announced.

Before the Bank of Canada announces its interest rate decision, the Canadian dollar rose to a 15-month high against the US dollar, boosted by the general weakness of the US dollar. The Bank of Canada is expected to keep the interest rate unchanged at 2.25%. Michael Pfister from Deutsche Bank said in a report that the central bank is unlikely to cut interest rates further this year, as "inflation is slightly rising and the real economy is slowly improving." However, he said that concerns about US tariffs still exist, which may limit the Canadian dollar's appreciation against the US dollar. Data from the London Stock Exchange Group shows that the US dollar fell to a low of 1.3548 Canadian dollars.