EUR/CAD slides to 1.5982 as BoC holds steady and oil rally lifts Loonie

EUR/CAD fell to around 1.5982 on April 29, down 0.28% intraday, after the Bank of Canada held its overnight rate at 2.25% amid rising oil prices that strengthened the commodity-linked loonie. The pair had climbed to ~1.6010 on April 27, supported by energy prices near $94.80/bbl reinforcing ECB caution ahead of its Thursday meeting. It then weakened to ~1.5960 on April 28 as euro losses accelerated on safe-haven flows, with WTI surging over 2% to $96.90/bbl, outpacing CAD declines before today's BoC-driven slide.