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Line chart showing USD/CAD jumping 0.51 percent to 1.3833 as the Canadian dollar's recent rally reversed.

USD/CAD drifted from 1.3941 on August 12 to 1.37635 by Friday, the loonie's best stretch in three months, built on narrowing US-Canada yield spreads and factory data suggesting Canada's economy was holding up better than feared. Monday reversed nearly all of that move, as the collapse of US-Canada trade talks and Ottawa's retaliatory tariffs, a direct hit to the trade balance that a rate cut cannot fully offset, repriced the currency within hours. The reversal was the pair's sharpest single-day move in more than two months.

This chart is presented for general informational purposes only and does not constitute financial, investment, tax, or legal advice. Figures reflect the source and period indicated and may no longer be current.

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