{
  "id": 3946438,
  "title": "Canadian Dollar awaits fresh catalyst with Warsh, GDP data in focus",
  "url": "https://urgent.news/2026/08/28/canadian-dollar-awaits-fresh-catalyst-with-warsh-gdp-data-in-focus",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-28T11:12:19.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/canadian-dollar-awaits-fresh-catalyst-with-warsh-gdp-data-in-focus-202608281112"
  },
  "original_language": "en",
  "account": "Canadian Dollar awaits fresh catalyst with Warsh, GDP data in focus. USD/CAD trades around 1.3845 on Friday, edging 0.07% lower on the day. Investors are waiting for Federal Reserve Chair Kevin Warsh's speech at the Jackson Hole Symposium to learn about the outlook for US monetary policy. The Fed's outlook remains uncertain as persistent inflation continues to be a concern. Core PCE Price Index released on Wednesday narrowly met expectations. Markets now price in a 40% chance of a September rate hike, up from 36% before the PCE data release. Fed officials, including Kansas City Fed President Jeffrey Schmidt and Cleveland Fed President Beth Hammack, have taken a hawkish stance, suggesting further interest rate hikes are necessary. The US Dollar Index (DXY) holds above 99.00, while Canada's Canadian Dollar (CAD) could face downside risks due to renewed trade tensions with the United States, which added 50% tariffs on certain US products. Canadian GDP figures for Q2, released later on Friday, are expected to show growth at 3.4% YoY, following a 0.1% contraction in Q1. Strategists at Brown Brothers Harriman believe Canada's economy could rebound strongly, with real GDP rising 3.4% SAAR. However, the worsening US-Canada trade war could limit the Loonie's appreciation against the Greenback. The pair currently trades around 1.3845, consolidating between its major moving averages. Technical analysis suggests that USD/CAD could potentially move towards 1.4000, but a dovish repricing is still possible.",
  "summary": "USD/CAD trades around 1.3845 on Friday, edging 0.07% lower on the day, as investors refrain from taking large positions ahead of the highly anticipated speech by Federal Reserve (Fed) Chair Kevin Warsh at the Jackson Hole Symposium.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Swiss Franc consolidates recent losses with the focus turning to Fed’s Warsh",
        "url": "https://urgent.news/2026/08/28/swiss-franc-consolidates-recent-losses-with-the-focus-turning-to-feds",
        "published": "2026-08-28T08:42:36.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}