# Canadian dollar extends recent decline as BoC minutes offer little support - The Globe and Mail

> 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.

- Date: 2026-06-24 · published 2026-06-24T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/19045-canadian-dollar-extends-recent-decline-as-boc-minutes-offer-little-support-the
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

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.

## Read by commodity

- USDCAD: bullish ▲
- CANMEAL: bearish ▼

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/investing/article-canadian-dollar-continues-to-weaken/

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