Canadian Dollar Slides as Soft CPI and Trump Tariffs Lift USD/CAD
Source: Forexcom - https://www.forex.com/en-us/news-and-analysis/canadian-dollar-slides-as-soft-cpi-and-trump-tariffs-lift-usd-cad/
Published: Jul 20, 2026 5:58 PM
The Canadian dollar was the weakest-performing major currency on Monday after softer-than-expected inflation data reduced expectations of further Bank of Canada policy tightening. Cooling headline and core inflation diminished Canada's relative yield advantage, weighing on the Loonie despite the central bank leaving its policy rate unchanged at 2.25%.
Medium Impact
USDCAD
USD
US