Canadian dollar

The Canadian dollar was heading toward its worst day against the US dollar in over two months following the collapse of trade talks between the two countries, a situation that threatens the growth outlook.

The Canadian dollar is sliding due to reports that Ottawa and Washington are heading toward an all-out trade war. ING strategists noted that because Canada functions as a smaller and more open economy, it has significantly more to lose from this potential conflict.

Hedge funds have accumulated the most negative bets on the Canadian dollar in two years as the threat of American tariffs drags on the currency.

Deutsche Bank and JPMorgan are forecasting a weaker Canadian dollar as inflation in Canada continues to cool. This outlook suggests potential depreciation of the CAD against other major currencies in the coming period.

New York Life is considering a potential debt sale in Canadian dollars. The Canadian dollar remained steady against the U.S. dollar amid rising oil prices and mixed performance against G-10 currencies, with market focus on upcoming home price data and a speech by Bank of Canada's Carolyn Wilkins.

The Canadian dollar (Loonie) is weakening due to its strong correlation with oil prices, prompting increased speculative bets against the currency. Analysts highlight the growing risk of further depreciation as energy markets remain volatile.