The Canadian dollar traded higher against most of its major counterparts during New York afternoon trading on Tuesday. At 12:40 pm ET, the loonie climbed to a new multi-year high of 1.3906 against the euro and a fresh multi-week high of 1.0238 versus the US dollar, compared to yesterday's closing values of 1.4009 and 1.0275, respectively.
Against the Japanese yen, the loonie also edged up in New York mid-day deals from early morning session's multi-day low of 86.99, today. The loonie climbed to 87.93 versus the yen by about 12:40 pm ET, which may be compared to Monday's close of 87.95.
For comments and feedback contact: editorial@rttnews.com
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.