Extending its 6-day losing streak, the Canadian dollar reached 1.0236 against its US counterpart around 8:10 am ET Monday, its lowest level since January 16. On the downside, the loonie may find target around the 1.0250/55 area and a move beyond could help the pair revisit the 1.03 mark for the first time since January 9.
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Business News
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.