June Canadian Dollar futures fell for a second consecutive session, testing support at the 200-day moving average. Despite the decline, the currency remained the strongest major against the U.S. dollar. The Bank of Canada held interest rates at 2.25% today, matching market expectations. Governor Tiff Macklem highlighted inflation risks stemming from Middle East tensions but noted it is premature to assess the full impact on growth. Domestic data showed signs of weakness, with the unemployment rate rising to 6.7% following a loss of 84,000 jobs in February and Q4 GDP missing forecasts. Canadian Dollar futures currently trade between the tailwind of surging WTI Crude Oil futures and the headwind of a slowing domestic economy.