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Canadian dollar extends weekly decline as investors favor safe havens

  • bxaqm
  • March 27, 2026
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TORONTO, March 27 (Reuters) – The Canadian dollar weakened to ‌a two-month low against its U.S. counterpart on Friday, as investors awaited signs of de-escalation in the Middle East war, which has helped drive safe-haven demand for the greenback.

The loonie was trading 0.1% lower at 1.3875 per U.S. dollar, or 72.07 U.S. cents, after touching its weakest intraday ⁠level since January 19 at 1.3884. 

For the week, the currency was down 1.1%, putting it on track for its third straight weekly decline. Reuters