Canadian dollar dips before BoC rate decision

Expectations of the Canadian dollar's decline ahead of the Bank of Canada's interest rate decision, as it dropped by 0.4% to reach 1.3905 Canadian dollars against the US dollar. The decision is expected to keep interest rates steady at 2.25%, despite escalating trade tensions and expectations of a US rate hike. Data also indicate economic growth in Canada and an expansion of the manufacturing sector, but concerns over ongoing tensions are affecting growth prospects and currency stability.