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The Canadian Dollar is treading water against the Greenback near 1.44. The Bank of Canada cut interest rates again this week. A declining rate differential and looming tariff threats keep the Loonie pinned. The Canadian Dollar (CAD) went nowhere fast on Thursday, cycling near the 1.4400 handle against the US Dollar (USD). Loonie markets have gone flat after the Bank of Canada’s (BoC) latest rate cut, adding another 25 bps rate trim to the pile, and looming threats of 25% tariffs on Canada from US President Donald Trump, set to allegedly take effect on February 1, are having a chilling effect on market flows. US data dominated trading headlines on Thursday, leaving CAD traders to wait until Friday’s Canadian Gross Domestic Product (GDP) print, though the monthly figure is so back-dated that impact will be minimal. US unemployment claims beat expectations, but US GDP growth flashed a warning sign that things may be slowing down faster than investors expected. Daily digest market movers: Canadian Dollar markets hung out to dry The Canadian Dollar flattened on Thursday, but remains down one-half of one percent against the Greenback for the week. Canadian economic data is entirely absent on Thursday. Canadian GDP growth due on Friday, expected to show a contraction in November’s monthly growth figure. US GDP missed the mark in Q4, settling to 2.3% versus the forecast 2.6% and missing the previous quarter’s 3.1%. US weekly Initial Jobless Claims sank to 207K, easing back from the previous week’s 223K. Canadian Dollar price forecast The Canadian Dollar continues to grind through a rough sideways range against the Greenback. USD/CAD has been caught in a consolidation phase for over six weeks straight after the Loonie fell to multi-year lows in mid-December. Price action is now poised for a technical squeeze with the 50-day…