# Canadian dollar hits two-month low as BoC offers dovish clues on rates

> The Canadian dollar weakened to a two-month low of about 1.3822 per US dollar after the Bank of Canada held rates at 2.75% and signaled possible future cuts. The move followed broad US dollar gains on stronger US second-quarter data.

- Date: 2025-08-01 · published 2025-08-01T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/23973-canadian-dollar-hits-two-month-low-as-boc-offers-dovish-clues-on-rates
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

The dovish central bank signal and firmer US dollar put downward pressure on the loonie, which can influence Canadian canola and barley export competitiveness.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- ca.finance.yahoo.com: https://ca.finance.yahoo.com/news/canadian-dollar-hits-two-month-191107448.html

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