Canadian dollar falls on widening rate differentials as fourth-quarter headwinds loom for loonie, analyst says
- Posted on September 23, 2026
- By Financial Post
- 1 Views
- 1 min read
In brief
Canada's currency has experienced significant depreciation, declining 1.7% throughout September and reaching its lowest level in two months at under 71 cents USD. This downward pressure stems from expanding interest rate differentials between Canadian and American monetary policies. Market analysts anticipate further headwinds for the loonie during the fourth quarter, driven by macroeconomic divergences and shifting central bank expectations that favor stronger US dollar positioning in international currency markets.
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Canadian dollar falls on widening rate differentials as fourth-quarter headwinds loom for loonie, analyst says
The Canadian dollar is down 1.7% this month and fell below 71 cents U.S. in early trading on Sept. 23 for the first time since July. Read on
