Batis Exchange
The Canadian dollar lost ground against the US dollar on Tuesday as lower oil prices and renewed demand for the greenback pushed the USD/CAD exchange rate higher for a second straight session.
(RECO) announced that, beginning Oct. 1, all registered brokerages will be required to submit annual financial information and compliance declarations to the regulator.
On Friday, the loonie traded near 70.56 U.S. cents, a sharp decline from its 2026 peak of 74.1 U.S. cents reached in late January. The currency is now trading at its weakest level in roughly a year.
The Canadian dollar weakened further this week as falling oil prices and changing interest rate expectations created a challenging environment for the currency.
