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.
Related charts
Government of Canada 10-year yields spent two weeks climbing toward the highest level in more than two years, touching 3.77% Friday as a…
Canada's Bond Rally Toward a Two-Year High Ended in a Single Session
August 24, 2026
View chart & download
Gold settled the week at 4,661.60 dollars, up roughly 5.1%, its third straight weekly advance, after an expanded US Treasury bond buyback…
Gold Kept Its Gain After the Treasury Buyback That Triggered It Reversed
August 22, 2026
View chart & download
CAD is charted on the currency side of USD/CAD, so a positive value here means the loonie strengthened against the US dollar over the week.
WTI Led a Weekly Scorecard Split Between Two Unrelated Commodity Stories
August 22, 2026
View chart & download
Seven Canadian markets were checked against the same 12:04 p.m.
Stocks and Gold Believed Tuesday's Iran Story. Bonds and the Loonie Did Not.
August 4, 2026
View chart & download
WTI crude has round-tripped repeatedly over the past month on dueling Iran headlines, with two moves standing out on this chart.
WTI Crude's Round Trip: Rejection, Rally, Reversal
August 4, 2026
View chart & download
Wednesday afternoon's hot US July PCE inflation print, which came in above forecast, reversed four sessions of falling Canadian and US bond yields within hours.
The July PCE Surprise Reversed Four Days of Falling Canadian Yields in One Afternoon
August 26, 2026
View chart & download