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Loonie Slides to 14-Month Low After Fed Hint

6/20/2026

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Story summary
  • The Canadian dollar fell to a 14-month low of 70.75 U.S. cents on June 19, 2026.
  • The drop followed a Federal Reserve (Fed) hint of a 2026 rate hike, widening the U.S.–Canada yield gap to 137 bps.
  • President Donald Trump said the United States would be better off without the U.S.–Mexico–Canada Agreement.
  • Canadian 10-year bond yields eased to 3.372 % after touching 3.356 %, while the loonie fell 1.3 % for the week, a straight decline.