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The Canadian dollar has weakened to near 72 U.S. cents, its lowest level in about 20 years on some measures, after Bank of Canada rate cuts. Analysts said the upcoming U.S. Federal Reserve decision could determine whether the loonie stabilizes.
A weaker loonie lowers the USD cost of Canadian exports, but the currency's direction depends heavily on Fed policy and oil prices.
globalnews.caCraig LordJul 30, 2024Not 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.
