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Jul 8, 2026
· 5 min read
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Canadian dollar reaches 14-month low, near 70 cents to the U.S. dollar—diverging interest rates, not CUSMA, is the culprit
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Article Excerpt
Canadian dollar reaches 14-month low, near 70 cents to the U.S. dollar—diverging interest rates, not CUSMA, is the culprit
ANALYSIS
8 JULY 2026
i
Currency watchers say the worst may already be priced in
GRAEME GORDON
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The July 1 deadline to renew the Canada-United States-Mexico Agreement (CUSMA) came and went without a renewal, as the Trump administration declined to extend the pact and started the decade-long clock on its potential wind-down. The Canadian dollar, already sagging, touched a 14-month low near 70 cents U.S. last week, and analysts have trimmed the…
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