# Canadian dollar hits two-month low as geopolitics dominates trading

> The Canadian dollar weakened to a two-month low against the US dollar on March 24 as safe-haven demand for the greenback offset the boost Canada would get from higher oil prices. The loonie traded at 1.3784 per US dollar.

- Date: 2026-04-01 · published 2026-04-01T12:00:00.000Z
- Category: geopolitics · region Canada · magnitude low
- Page: https://feedsoft.ai/events/20396-canadian-dollar-hits-two-month-low-as-geopolitics-dominates-trading
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Safe-haven USD demand outweighs the oil-price benefit to the CAD, which keeps Canadian oilseed meal competitively priced on world markets while crude stays elevated.

## Read by commodity

- USDCAD: bullish ▲
- CANMEAL: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/business/canadian-dollar-hits-two-month-low-geopolitics-dominates-trading-2026-03-24/

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