empty
 
 

2026.09.1413:33:22UTC+00Canadian Dollar Hits One-Month Low

The Canadian dollar weakened to around 1.39 per USD in mid-September, a one-month low, following a relatively subdued inflation report. Headline CPI rose 3.0% year-on-year in August, unchanged from July and in line with market expectations. The Bank of Canada’s preferred core inflation gauges—median and trimmed-mean CPI—also remained contained at 2.0% and 1.9%, respectively, and did not accelerate despite sharply higher energy costs.

At the same time, the intensifying conflict in the Middle East has continued to push up wholesale oil and fuel prices. While higher oil prices typically support the Canadian dollar, given Canada’s role as a major crude exporter, the latest surge is also reigniting inflation concerns and bolstering the case for tighter US monetary policy. The Federal Reserve is expected to raise interest rates on September 16, which would further support the US dollar.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $3000 more!
    In September we raffle $3000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback