06:20 AM EDT, 06/11/2026 (MT Newswires) -- The Bank of Canada continues to sit at the dovish end of the spectrum after Wednesday's policy decision and comments, said ING.

The BoC used phrases like 'excess supply' in the economy and 'looking through' inflation in Wednesday's policy update, writes the bank in a note.

This could see USD/CAD head back to the 1.40 area and keep a cross rate, like CAD/NOK, under "pressure" given the more hawkish position of Norway's Norges Bank, stated ING.