Canadian dollar hits three-week low amid trade uncertainty and weak factory data
The loonie hit a three-week low today amid USMCA trade uncertainty and weak factory data. Falling oil prices further pressured the currency as markets wait.
Insights:
The Canadian 
CA dollar fell to its weakest intraday level since February 6 on Tuesday, February 24, 2026, following a preliminary estimate that showed a 3.3% month-on-month decline in January factory sales. The drop in manufacturing activity, which included the transportation equipment sub-sector and the machinery sub-sector, weighed on investor sentiment.
CA dollar fell to its weakest intraday level since February 6 on Tuesday, February 24, 2026, following a preliminary estimate that showed a 3.3% month-on-month decline in January factory sales. The drop in manufacturing activity, which included the transportation equipment sub-sector and the machinery sub-sector, weighed on investor sentiment.
