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The Canadian dollar was on track for its largest monthly decline in nearly two years as of June 30, after stronger-than-expected GDP data. The US is expected to declare it will not extend USMCA, starting a ten-year wind-down clock for the trade zone.
Canadian bond yields also fell further below US yields.
Non-renewal of USMCA raises uncertainty for North American grain, oilseed and livestock trade. A weaker loonie tilts Canadian exports toward lower USD prices.
theglobeandmail.comFergal SmithJun 30, 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.
