While a hold from the Bank of Canada is widely anticipated, the looming US-Canada trade tensions and outcomes of Canada’s upcoming elections could significantly influence the CAD’s trajectory. As concerns about US growth persist and new tariff risks emerge, the USD/CAD pair remains susceptible to market volatility. Observers are advised to keep a close watch on these developments, as they may present trading opportunities in the face of fluctuating dynamics. Preparedness and adaptability will be key in navigating this evolving market landscape.