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The Canadian dollar fell to a 14-month low of 1.4235 on June 24 and extended a seventh straight daily decline. Bank of Canada minutes showed the bank kept policy flexible to respond to US trade restrictions and energy prices.
Markets cut expected BoC tightening by December to 17 basis points from about 60 a month earlier.
The widening gap between US and Canadian rates keeps the loonie weak, which supports USD-priced Canadian canola and other exports. The currency move matters for input costs and export competitiveness.
theglobeandmail.comFergal SmithJun 24, 2026Not enough comparable past events yet for a historical read.
Not 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.
