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.

洞察:
The Canadian CACA 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.
A Canadian dollar note is seen in this illustration photo from June 22, 2017. REUTERS/Thomas White/Illustration
A Canadian dollar note is seen in this illustration photo from June 22, 2017. REUTERS/Thomas White/Illustration
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