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1. • • The Canadian dollar weakened to a near five-month low against its broadly stronger U.S. counterpart on Friday as investors seized upon recent economic data to bet the Bank of Canada would begin cutting interest rates before the Federal Reserve.
     www.reuters.com/markets/currencies/canadian-dollar-posts-biggest-weekly-decline-11-months-2024-04-12/

     Canadian dollar posts biggest weekly decline in 11 months

2. People also ask

   Why is the Canadian dollar weakening?

   • The weakening Canadian dollar is tied to the U.S. federal reserve continuously hiking its key overnight lending rate to curb inflation. Relentlessly high inflation in the U.S. has the country’s central bank raising rates aggressively, with a three-quarter percentage point hike expected on Sept. 21. This content is exclusive to subscribers.

   The Canadian dollar just fell below75 cents U.S., its lowest level in

   www.thestar.com/business/the-canadian-dollar-just-fell-below75-cents-u-s-its-lowest-level-in-two-years/article_b11c38e7-ab0b-554e-b66f-264d54808129.html

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   Why did the Canadian dollar fall to its lowest level?

   • (DirkKafka/stock.adobe.com) The Canadian dollar fell to its lowest level in almost two years on Friday, as investors around the world surveyed the worsening outlook for the economy and ran toward the safety of the U.S. dollar. The Canadian dollar was changing hands for as little as 75.15 cents US at one point on Friday morning.

   The loonie has fallen to its lowest level in almost two years — here's

   www.cbc.ca/news/business/canadian-dollar-1.6585291

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   Will the bank of Canada's rate policy affect the Canadian dollar?

   • The Bank of Canada has reduced rates twice now while the U.S. Fed has yet to lower rates. Divergence between the two central banks' rate policy could put pressure on the Canadian dollar.

   Here's what the Bank of Canada's rate drop means for the loonie

   www.ctvnews.ca/business/here-s-what-the-bank-of-canada-s-rate-drop-means-for-the-loonie-1.6976195

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   Is the Canadian dollar going down?

   • Doug Porter, chief economist at BMO, said in a brief note to clients Tuesday morning that “the Canadian dollar is probing levels it hasn’t seen much in the past 20 years.” He noted that the loonie’s value has dropped 1.5 per cent since the Bank of Canada’s rate cuts began in early June.

   The loonie is faltering. Here’s why the U.S. Fed might provide a lift

   globalnews.ca/news/10652384/canadian-dollar-us-exchange-rate-federal-reserve/

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3. globalnews.ca › news › 10652384The loonie is faltering. Here’s why the U.S. Fed might ...

   globalnews.ca › news › 10652384

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   Jul 30, 2024 · The U.S. Federal Reserve is set to make an interest rate decision on Wednesday, with BMO's chief economist signalling there could be implications for the Canadian dollar.

4. www.cbc.ca › news › businessThe loonie has fallen to its lowest level in almost two years ...

   www.cbc.ca › news › business

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   Sep 16, 2022 · The Canadian dollar fell to its lowest level in almost two years on Friday, as investors around the world survey the worsening outlook for the economy, and run toward the safety of the U.S....

5. www.reuters.com › markets › currenciesCanadian dollar posts biggest weekly decline in 11 months

   www.reuters.com › markets › currencies

   Apr 12, 2024 · The Canadian dollar weakened to a near five-month low against its broadly stronger U.S. counterpart on Friday as investors seized upon recent economic data to bet the Bank of Canada would...

6. Videos

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7. www.ctvnews.ca › business › here-s-what-the-bank-ofHere's what the Bank of Canada's rate drop means for the loonie

   www.ctvnews.ca › business › here-s-what-the-bank-of

   Jul 24, 2024 · How much risk is there to the Canadian dollar? The Bank of Canada has reduced rates twice now while the U.S. Fed has yet to lower rates. Divergence between the two central banks' rate...

8. financialpost.com › news › bank-of-canada-fedPosthaste: What happened to the Canadian dollar the last time ...

   financialpost.com › news › bank-of-canada-fed

   Jun 3, 2024 · The Bank of Canada followed the Fed’s lead but at a slower pace, causing the rate gap to reach 75 bps by mid-2000. By the end of that year, the Canadian dollar had slid to 64 cents U.S., helped by weak commodity prices and market volatility, and then bottomed out at 62 cents U.S. in 2002, the report said.

9. ca.finance.yahoo.com › news › why-canadian-dollarWhy the Canadian dollar could be stuck in a 'low-for-long funk'

   ca.finance.yahoo.com › news › why-canadian-dollar

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   Jun 6, 2024 · The results are enlightening and, in some cases, run against conventional wisdom. Overall, the relationship’s fairly weak, ranging from a correlation of a two-percentage-point margin...

10. www.thestar.com › business › the-canadian-dollarThe Canadian dollar just fell below75 cents U.S., its lowest ...

    www.thestar.com › business › the-canadian-dollar

    Sep 21, 2022 · The Canadian dollar fell to its lowest level in almost two years Tuesday — closing at 74.82 cents U.S. — as the economy struggles to absorb high inflation and faces a possible global recession.