# Canadian Dollar heads for a sixth straight loss as Loonie falls under the Greenback wheel

> The Canadian dollar fell for a sixth straight session on Thursday, with USD/CAD briefly rising above 1.3850. The decline followed a 0.1% monthly GDP contraction in June and firmer US PCE inflation data.

- Date: 2025-07-31 · published 2025-07-31T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/23974-canadian-dollar-heads-for-a-sixth-straight-loss-as-loonie-falls-under-the
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Continued loonie weakness and a stronger dollar support US export competitiveness against Canadian grain and oilseed supplies, a modest bearish factor for Canadian canola meal.

## Read by commodity

- DXY: bullish ▲
- USDCAD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-03-30 | [Canadian dollar slips as hedge fund jitters underpin the greenback - Markets - Business Recorder](https://feedsoft.ai/events/48365-canadian-dollar-slips-as-hedge-fund-jitters-underpin-the-greenback-markets.md) | -0.5% | -1.9% |
| DXY | 2016-11-14 | [Canadian dollar falls as investors buy into U.S. under Trump \| CBC News](https://feedsoft.ai/events/74058-canadian-dollar-falls-as-investors-buy-into-u-s-under-trump-cbc-news.md) | +1.4% | +0.8% |
| DXY | 2022-10-31 | [Canadian dollar slips to six-day low as oil prices fall - The Globe and Mail](https://feedsoft.ai/events/39347-canadian-dollar-slips-to-six-day-low-as-oil-prices-fall-the-globe-and-mail.md) | -0.1% | -2.8% |
| DXY | 2026-10-02 | [Dollar heads for fourth straight weekly gain versus euro](https://feedsoft.ai/events/9651-dollar-heads-for-fourth-straight-weekly-gain-versus-euro.md) | -0.3% | -0.1% |
| DXY | 2026-08-28 | [Canadian dollar slips as trade tensions, Fed outlook keep loonie under pressure By Investing.com](https://feedsoft.ai/events/18124-canadian-dollar-slips-as-trade-tensions-fed-outlook-keep-loonie-under-pressure.md) | -0.2% | +1.7% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/canadian-dollar-heads-for-a-sixth-straight-loss-as-loonie-falls-under-the-greenback-wheel-202507311939

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