USDCAD - BoC tone shift in play?

Watching $USDCAD pretty closely this week, especially after that BoC speech yesterday. Sounded a lot less hawkish than I think some were expecting, definitely compared to the Fed's recent rhetoric. We're seeing $USDCAD pushing 1.40184 today, bouncing off that 1.40027 low. It feels like the market is starting to price in a bit more divergence between the two central banks than before.

This makes me wonder if we're going to see a sustained move higher for $USDCAD or if this is just a temporary reaction. I've been eyeing $USLV at 13.17, down 4.30% today, as a potential hedge if the dollar really starts to strengthen across the board. If CAD weakness persists, that trade-off could be interesting. For now, it's about observing if this BoC tone is a one-off or a trend.