• USD/CAD pulls back after the BoC strikes a dovish tone in its policy statement. 
• BoC sees signs of inflation easing accompanied by higher growth. 
• USD/CAD continues broadly rising within a strict ascending channel. 

USD/CAD has pulled back about two tenths of a percentage point on Wednesday, following the Bank of Canada’s (BoC) decision to leave its key overnight interest rate unchanged at 5.0%, in line with analysts’ expectations. 

The pair is trading in the 1.3660s at the time of writing, maintaining its overall bullish tone after the US Dollar rallied following the release of hotter-than-expected US Consumer Price Index data for March