The US dollar surpasses the 1.4000 mark for the first time since 2020 amid the weakness of the Canadian economy

By Samir El Khoury, ACSI, ACICMP?

The exchange rate of the US dollar against the Canadian dollar continues its upward trend, reaching 1.4019 today, the highest level since May 22, 2020. The USD/CAD pair has increased by about 4% since the low of September 25, 2024, when it stood at 1.3419, reaching yesterday’s peak of 1.4019. It has risen by approximately 6% since the beginning of the year to date.

Recent Canadian economic data indicates that...

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