The Canadian dollar continued its fall against other major currencies on Friday after a report showed that country's inflation reached to the lowest level since 2009.
Data from Statistics Canada showed that Canada's consumer price inflation slowed to 0.4% annually in April mainly due to a decline in gasoline prices. This was down from forecasts for an increase of 0.6%. In March, CPI edged up to 1.0%.
The loonie fell to 1.0022 against the aussie, reversing from an early more than 7-month high of 0.9951. The next support for the loonie lies around 1.035 level.
The loonie reached 1.0306 against the greenback for the first time since March 8. On the downside, 1.04 is seen as the next support level for the loonie.
The loonie declined to an 8-day low of 99.52 against the yen, reversing from an early high of 100.39. The loonie is poised to pierce support level around 98.00.
The loonie that ended yesterday's deals at 1.3128 against the euro depreciated to a 9-day low of 1.3227. The loonie is likely to eye support around 1.33 level.
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Forex News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.