The Bank of Canada is expected to announce its overnight rate soon, with predictions suggesting it might hold at 5.0% or potentially be lowered to 4.75%. The current rate is 5.0% If the Bank of Canada sets the rate lower than expected (e.g., 4.75% instead of 5.0%), it often indicates a dovish monetary policy, which can lead to a decrease in the value of the Canadian dollar (CAD). Lower interest rates make holding the currency less attractive because the returns on investments in that currency