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 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.