The Canadian dollar staged a sharp fall against major opponents at about 10:35 am ET Monday. As of now, the loonie is trading near a 4-day high of 1.5820 versus the euro, compared to last week's closing values of 1.5913.
The Canadian currency also edged down against other major currencies during mid-day deals today. At 10:40 am ET, the loonie climbed to a fresh multi-day high of 1.0536 against the US dollar and 0.9647 versus the Australian dollar, which may be compared to Friday's closing values of 1.0635 and 0.9645, respectively.
On the economic front on Monday, the Statistics Canada released its report on gross domestic product or GDP, indicating that GDP rose 0.1 percent in Q3.
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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.