The Globe and Mail
🏢 Globe and Mail Inc. (Woodbridge)
Jun 11, 2026
· 2 min read
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Canadian dollar hits seven-month low on wider yield spreads
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Article Excerpt
Canadian dollar hits seven-month low on wider yield spreads
FERGAL SMITH
REUTERS
PUBLISHED JUNE 11, 2026
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The Canadian dollar weakened to a seven-month low against the greenback on Thursday before clawing back some of its decline, as oil prices fluctuated and the gap between Canadian and U.S. 2-year yields touched its widest in one year.
The loonie was trading 0.3% lower at 1.3980 per U.S. dollar, or 71.53 U.S. cents, after earlier touching its weakest level since November at 1.4023.
“It’s primarily (interest) rate spreads,” said Benjamin Reitzes, Canadian r…
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