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The Canadian dollar rebounded from a 14-month low of 1.4248 on June 24 after US inflation data showed PCE inflation above 4% for the first time in three years. Oil prices rose and the greenback gave back some of its recent gains.
The loonie was trading near 1.4202 per US dollar.
A firmer US dollar against the loonie raises the cost of Canadian-sourced feed inputs for US buyers, but the rebound signals easing pressure. Oil moves also affect the energy-linked currency.
theglobeandmail.comFergal SmithJun 25, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
