The Canadian dollar that weakened to a 5-day low of 1.0503 against the US currency at 7:50 pm ET Sunday reversed its direction thereafter. As of now, the greenback-loonie pair is worth 1.0475. If the Canadian dollar gains further, it may target the 1.045 level.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.