# The loonie is tumbling anew, hitting lowest levels since early in trade war - The Globe and Mail

> The Canadian dollar fell to its lowest level since early 2025, trading just above 70 US cents, down from above 74 cents in January. The slide reflects strong demand for US dollars and a hawkish turn at the Federal Reserve. Analysts say the move is part of a broader selloff against major global currencies.

- Date: 2026-06-24 · published 2026-06-24T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/19049-the-loonie-is-tumbling-anew-hitting-lowest-levels-since-early-in-trade-war-the
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

A stronger US dollar and weaker loonie raise the cost of US inputs for Canadian buyers while making Canadian exports cheaper abroad. This shifts trade flows and oilseed pricing across North America.

## Read by commodity

- USDCAD: bullish ▲
- CANMEAL: bearish ▼

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/business/article-loonie-tumbles-to-lowest-level-in-more-than-a-year/

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