# Canadian dollar suffers steepest monthly decline in nearly two years ahead of USMCA deadline - The Globe and Mail

> 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.

- Date: 2026-06-30 · published 2026-06-30T12:00:00.000Z
- Category: macro · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/19051-canadian-dollar-suffers-steepest-monthly-decline-in-nearly-two-years-ahead-of
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Non-renewal of USMCA raises uncertainty for North American grain, oilseed and livestock trade. A weaker loonie tilts Canadian exports toward lower USD prices.

## Read by commodity

- USDCAD: bullish ▲
- CANMEAL: bearish ▼

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/investing/article-canadian-dollar-suffers-steepest-monthly-decline-in-nearly-two-years/

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