USD/CAD Short. After a slight recovery, the currency pair fell again below 1.2500. After losing more than 100 pips on Wednesday, the USD / CAD pair made a technical correction and rose to a daily high of 1.2535 before losing strength again and currently losing 0.1% to 1.2493. The hawkish outlook for Bank of Canada (BoC) policy on Wednesday triggered a sharp drop in USD / CAD. In addition to reducing bond purchases, the Board noted that current projections point to an increase in rates in the second half of 2022. The Bank further revised its GDP growth forecasts for 2021, 2022 and 2023.