empty
 
 

2026.04.0214:03:24UTC+00Canadian Dollar Close to December-Lows

The Canadian dollar was trading near 1.39 per USD, hovering close to its weakest level since December 2025, as markets reacted to the latest developments in the Middle East. US President Trump pledged more aggressive action against Iran but stopped short of outlining concrete plans to reopen the Strait of Hormuz. Crude oil prices remained near their 2022 highs, stoking inflation concerns and lending further support to the US dollar. The loonie depreciated by about 2% in March, its sharpest monthly decline since December 2024. In its most recent decision, the Bank of Canada left its benchmark interest rate unchanged at 2.25%, stating that it was too early to gauge the economic fallout from the conflict, while money markets continued to price in roughly 41 basis points of additional tightening this year.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback