Canadian Dollar Hits 18-Month Low
The Canadian dollar declined to an 18-month low against the US dollar amid broad US currency strength and ongoing contraction in the domestic services sector. Lower oil prices and rising bearish market bets also weighed on the loonie.
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Canada's currency weakened to an 18-month low against United States counterpart on Monday afternoon as the greenback advanced broadly. The USD/CAD pair traded 0.1% lower at 1.4257, touching its weakest level since April 2025 at 1.4293. The drop followed domestic data showing the services sector contracting for a fourth consecutive month.
