Upbeat survey weighs on USD/CAD
USD/CAD fell below 1.30 for the first time since Wednesday after the Bank of Canada's Q3 business outlook survey.
The central bank increasingly leans on the signals in the report to guide monetary policy. A hike was already widely expected next week but this solidifies it and highlights the risk of a hawkish statement and another hike in December or January.
Before the report, the implied odds of a January hike were 65%.
USD/CAD was at 1.3020 before the data and has since fallen to 1.2985.
