Friday, October 16, 2026

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CAD review: Western Union

The loonie seesawed around the key C$1.28 level, the weakest terrain in six years. A focus on the Fed has helped the Canadian currency hold up reasonably well despite renewed weakness in oil markets which is ordinarily a…

By Jay L. Zagorsky
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • The loonie seesawed around the key C$1.28 level, the weakest terrain in six years. A focus on the Fed has helped the Canadian currency hold up reasonably well despite renewed weakness in oil markets which is ordinarily a drag on the commodity-vulnerable currency. 

  • Any hint from the Fed that it's tiptoeing closer to raising U.S. interest rates would tend to weigh on the loonie and leave it vulnerable to a fall toward C$1.30, a level it last touched in March 2009.

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