# Canadian dollar heads for steep monthly decline ahead of USMCA deadline | Reuters

> The Canadian dollar was roughly flat at 1.4205 per US dollar on June 30 after trading between 1.4184 and 1.4247. It was on track for its steepest monthly decline since October 2024, down 2.9% since early June. Stronger-than-expected Canadian GDP growth came ahead of a US decision not to extend USMCA.

- Date: 2026-06-30 · published 2026-06-30T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/19041-canadian-dollar-heads-for-steep-monthly-decline-ahead-of-usmca-deadline-reuters
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

A weaker loonie makes Canadian canola and other exports cheaper in US dollar terms, which can pressure canola meal prices. The USMCA non-extension adds trade uncertainty for feed ingredients moving across North America.

## Read by commodity

- USDCAD: bullish ▲
- CANMEAL: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/business/canadian-dollar-heads-steep-monthly-decline-ahead-usmca-deadline-2026-06-30/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.