Canadian Dollar Hits 7-Month Low

2026-06-17 19:53 By Isabela Couto 1 min. read

The Canadian dollar weakened to around 1.41 per USD following the Fed's latest policy decision, hovering near a seven-month low.

As widely expected, the Federal Reserve left interest rates unchanged.

However, its projections were viewed as more hawkish than anticipated, with roughly half of FOMC members expecting at least one rate hike this year.

Meanwhile, the BoC kept its key interest rate unchanged at 2.25% at its latest meeting.

The central bank said uncertainty remains elevated amid conflict in the Middle East and US tariff proposals, but reiterated that it stands ready to act if needed and will not allow high energy prices to trigger persistent inflation.

Investors largely expect the BoC to raise borrowing costs by 25 basis points in December.



News Stream
Canadian Dollar Hits 7-Month Low
The Canadian dollar weakened to around 1.41 per USD following the Fed's latest policy decision, hovering near a seven-month low. As widely expected, the Federal Reserve left interest rates unchanged. However, its projections were viewed as more hawkish than anticipated, with roughly half of FOMC members expecting at least one rate hike this year. Meanwhile, the BoC kept its key interest rate unchanged at 2.25% at its latest meeting. The central bank said uncertainty remains elevated amid conflict in the Middle East and US tariff proposals, but reiterated that it stands ready to act if needed and will not allow high energy prices to trigger persistent inflation. Investors largely expect the BoC to raise borrowing costs by 25 basis points in December.
2026-06-17
Canadian Dollar Hits 28-week Low
The Canadian Dollar touched 1.40 against the USD, the lowest since November 2025. Over the past 4 weeks, US Dollar Canadian Dollar gained 2.06%, and in the last 12 months, it increased 2.4%.
2026-06-17
Canadian Dollar Strengthens After BoC Holds Rates
The Canadian dollar strengthened slightly to around 1.39 per US dollar after the Bank of Canada left its key interest rate unchanged at 2.25%, as widely expected. The central bank noted that uncertainty remains elevated amid escalating tensions in the Middle East and new US tariff proposals, but reiterated that it stands ready to act if needed and will not allow higher energy prices to feed sustained inflation. Investors largely expect the central bank to raise borrowing costs by 25bps in December. Still, the loonie remained near December lows, as the conflict with Iran continued to support demand for the US dollar as a safe haven.
2026-06-10