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BMO on The Day Ahead in Canada

May 26, 2025 6:38 AM

07:37 AM EDT, 05/13/2025 (MT Newswires) -- The June Bank of Canada policy meeting Tuesday still priced at just over 50/50 for a rate cut, according to Bank of Montreal (BMO).

The Canadian dollar (CAD or loonie) softened further on Monday amid broad-based US dollar (USD) strength. It starts Tuesday at $1.398/USD (71.5 US cents), added the bank.

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