At 8:15 am ET Monday, the Canadian dollar jumped to a near 7-week high of 1.0260 against the currency of U.S. As of now, the loonie is quoted at 1.0261 against the greenback, compared to 1.0307 hit at Friday's New York session close.
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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.