Episode
What's weighing on the Canadian dollar?
- Podcast
- The Living Market Podcast
- Published
- Jun 24, 2026
- Duration seconds
- 332
- Processing state
not_requested
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Summary
While investors were focused elsewhere, the Canadian dollar quietly fell almost 5% against the U.S. dollar over the past two months. Philip Petursson, Chief Investment Strategist at IG Wealth Management, explains the two forces driving that weakness: falling oil prices and a widening gap between Canadian and U.S. interest rates. With the Bank of Canada likely to shift its focus from inflation to a slowing economy, and the U.S. Federal Reserve expected to raise rates further, his view is that the pressure on the loonie may not be over.