Forex

Loonie Surges as US Treasury Bonds Decline

Guavy AI Editorial Team Published September 4, 2026

Instruments

USD CAD

The Canadian dollar strengthened on Thursday, driven by a decline in US treasury bonds.

The loonie finished at $0.7252 or $1=C$1.3789, compared to Wednesday's close of $0.7213 or $1=C$1.3863.

Meanwhile, the US dollar index retreated 0.592 of a point at 98.960.

Benchmark crude oil prices rose on Thursday afternoon, but lost momentum later in the session due to hopes of a Russia-Ukraine peace deal and heightened tensions in the Middle East.

The Wire

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