Canadian dollar weakens for seventh-straight day as yield spreads widen - BNN Bloomberg
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Article Excerpt
The Canadian dollar on Thursday was on track for its longest daily losing streak since January against its U.S. counterpart as the gap widened between Canadian and U.S. bond yields.
The loonie was trading 0.1 per cent lower at 1.3720 per U.S. dollar, or 72.89 U.S. cents, after touching its weakest intraday level since April 16 at 1.3737. It was the seventh-straight day of declines for the currency.
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“USD-CAD’s push to a four‑week high is really a story of relative momentum,” said Kevin Ford, FX & macro strategist at Convera.
“Hotter‑than‑expected…
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Jun 8, 2026