# Haunted Canadian dollar slumps below 76¢, may have another penny to fall - The Globe and Mail

> The Canadian dollar slipped below 76 US cents, weighed by a stronger US dollar, trade developments, and diverging central bank paths. A weaker Canadian manufacturing report added to the pressure.

- Date: 2018-06-15 · published 2018-06-15T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/64758-haunted-canadian-dollar-slumps-below-76-may-have-another-penny-to-fall-the
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A weaker loonie raises the cost of US-priced feed for Canadian buyers, and trade risks to Canadian exports add downside pressure.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/business/briefing/article-haunted-canadian-dollar-slumps-to-76-may-have-another-penny-to-fall/

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