Markets
Oct 29, 2026 6 min read
EUR/CAD Falls to 1.5580 for a Seventh Straight Day: The Loonie's Hike, the Euro's Politics and a Rate Gap That Just Closed
EUR/CAD is trading near 1.5580 on 29 October 2026, its seventh consecutive daily decline since the slide began on 16 October, after the Bank of Canada raised its policy rate to 2.50% and the ECB prepares to hold its deposit rate at the same 2.50% at 13:15 UTC. For the first time this cycle the two rates are equal. This guide explains what has driven the cross down 300 pips in two weeks, why the ECB decision can stop the fall or extend it, the levels that matter and how oil fits into a pair that most traders ignore until it trends.
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