{"id":55761,"date":"2025-02-03T18:40:37","date_gmt":"2025-02-03T18:40:37","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/02\/03\/canadian-dollar-dips-below-68-cents-u-s\/"},"modified":"2025-02-03T18:40:37","modified_gmt":"2025-02-03T18:40:37","slug":"canadian-dollar-dips-below-68-cents-u-s","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/02\/03\/canadian-dollar-dips-below-68-cents-u-s\/","title":{"rendered":"Canadian dollar dips below 68 cents U.S."},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"\">\n<header aria-label=\"Beginning of Article\" class=\"article-header article-header--story\">\n<nav aria-label=\"Breadcrumb\" class=\"breadcrumbs\" data-aqa=\"nav-breadcrumb\">\n<p>Breadcrumb Trail Links<\/p>\n<ol class=\"breadcrumbs__items list-unstyled\">\n<li class=\"breadcrumbs__item\">News<\/li>\n<li class=\"breadcrumbs__item\">Economy<\/li>\n<\/ol>\n<\/nav>\n<div class=\"article-header__detail\">\n<div class=\"article-header__detail__texts\">\n<p class=\"article-subtitle\">Began to climb back up on reports that Mexico had been given a one-month tariff reprieve<\/p>\n<div class=\"article-meta\">\n<p><span class=\"published-date__since\">Published Feb 03, 2025<\/span> \u00a0\u2022\u00a0 <span class=\"published-date__word-count\">3 minute read<\/span><\/p>\n<div class=\"article-meta__bottom\">\n<div class=\"bookmark-wrapper\">\n<div class=\"popover\" data-aqa=\"popover\" data-click-to-appear=\"True\" data-container=\"\" data-container-offset=\"\" data-no-style=\"\" data-popover-component=\"\" data-position=\"top\" data-sticky=\"\" data-tail-offset=\"200\" data-tail-position=\"right\"><button class=\"popover__trigger bookmark-button\"><span class=\"save-article-button save-article-button--default\" title=\"Save article\" data-article-id=\"5bba8ee1-7d85-4f68-9b90-3b9a6a2fd07d\" data-evt-skip-click=\"true\"\/><\/button><\/p>\n<div aria-describedby=\"popover-desc-popover-bookmark\" class=\"popover__content\" hidden=\"\" role=\"dialog\">\n<div class=\"popover__content__wrapper\">\n<div class=\"popover__content__text\" id=\"popover-desc-popover-bookmark\">\n<div class=\"bookmark__popover__content\">\n<p>You can save this article by registering for free here. Or sign-in if you have an account.<\/p>\n<\/div>\n<\/div>\n<p><button class=\"popover__content__close\" data-evt-skip-click=\"true\" title=\"Close\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewbox=\"0 0 12 12\" class=\"icon--close\" height=\"12\" version=\"1.1\" width=\"12\"><polygon points=\"12 0.95 11.05 0 6 5.05 0.95 0 0 0.95 5.05 6 0 11.05 0.95 12 6 6.95 11.05 12 12 11.05 6.95 6\"\/><\/svg><\/button><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<figure class=\"featured-image\" data-aqa=\"featured-image\"><picture class=\"featured-image__ratio\"><\/source><\/source><\/source><\/source><\/picture><figcaption class=\"featured-image__caption image-caption\"><span class=\"caption\">The loonie has fallen 5.25 per cent since Donald Trump was elected president.<\/span> <span class=\"credit\">Photo by Jonathan Hayward\/The Canadian Press files<\/span><\/figcaption><\/figure>\n<\/div>\n<\/header>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p data-async=\"\">The Canadian dollar dropped below 68 cents U.S. for the first time in more than two decades on Monday before rebounding by more than a cent, as uncertainty over a North American trade war sparked volatility across financial markets.<\/p>\n<\/section>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<\/section>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p data-async=\"\">The loonie traded as low as 67.6 cents U.S. early in the day, it\u2019s lowest level since 2003, but began to climb back up on reports that Mexico had been given a one-month tariff reprieve following a call between U.S. President Donald Trump and Mexican President Claudia Sheinbaum.<\/p>\n<\/section>\n<div 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Post and 15 news sites across Canada with one account.<\/li>\n<li>National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.<\/li>\n<li>Daily puzzles, including the New York Times Crossword.<\/li>\n<\/ul>\n<\/div>\n<div class=\"intro-body__anonymous\">\n<p>REGISTER \/ SIGN IN TO UNLOCK MORE ARTICLES<\/p>\n<p class=\"identity-intro__description\">Create an account or sign in to continue with your reading experience.<\/p>\n<ul class=\"list-unstyled list-checkmark\">\n<li>Access articles from across Canada with one account.<\/li>\n<li>Share your thoughts and join the conversation in the comments.<\/li>\n<li>Enjoy additional articles per month.<\/li>\n<li>Get email updates from your favourite authors.<\/li>\n<\/ul>\n<\/div>\n<div class=\"intro-body__registration_only hidden\">\n<p>THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.<\/p>\n<p class=\"identity-intro__description\">Create an account or sign in to continue with your reading 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class=\"identity-divider__line\"\/><span class=\"identity-divider__text\">or<\/span><span class=\"identity-divider__line\"\/><\/p>\n<\/div>\n<\/div>\n<\/div>\n<footer class=\"identity-footer identity-screen__content m-x-0 p-x-0 col-sm-6 col-md-12\"\/><\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>Karl Schamotta, chief market strategist at Corpay, said in a note that the Mexican peso, Canadian dollar, and euro were all \u201cripping higher\u201d after the report.<\/p>\n<p data-async=\"\">Prime Minister Justin Trudeau is scheduled to speak with Trump later in the day.<\/p>\n<p>Following the news, the Canadian dollar rose 1.4 per cent to 68.55 cents U.S. midday, still down around 0.3 per cent from Friday\u2019s close.<\/p>\n<p>Overall, the loonie has fallen 5.25 per cent since Trump was elected president.<\/p>\n<p>As the trade rhetoric has escalated, signs have been building that the loonie could be in for significant ride down, economists and currency watchers have said.<\/p>\n<p>Currency watchers at Canadian Imperial Bank of Commerce are calling for the Canadian dollar to fall as low as 67.5 cents U.S. possibly closer to the end of the week and to around 66 cents U.S. if the trade dispute lasts more than six months.<\/p>\n<p data-async=\"\">In another sign of the multiple challenges facing the loonie, the U.S. dollar index \u201cscreamed higher \u2026 challenging the two-year highs posted in mid-January,\u201d economist David Rosenberg, founder of Rosenberg and Associates Inc., said in a Monday morning note.<\/p>\n<\/section>\n<div class=\"js-widget-content article-content__widget-group article-content__widget-group--content-slot20 article-content__widget-group--newsletter-slot\">\n<section class=\"newsletter-widget__new-story-page fp-headlinenews background--primary-light-gradient\" aria-labelledby=\"FinancialPostTopStories5670015822374363337232673144832\" 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Stories<\/p>\n<p class=\"newsletter-widget__text__new-story-page\">Get the latest headlines, breaking news and columns.<\/p>\n<\/div>\n<\/div>\n<div class=\"newsletter-widget__body__new-story-page\">\n<div class=\"js-replace-main__new-story-page\">\n<p class=\"newsletter-widget__disclaimer__new-story-page text-size--tiny\">By signing up you consent to receive the above newsletter from Postmedia Network Inc.<\/p>\n<\/div>\n<div class=\"js-submit-success\" hidden=\"\" id=\"submitSuccessFP_HeadlineNews\">\n<p>Thanks for signing up!<\/p>\n<p class=\"newsletter-widget__text__new-story-page\">A welcome email is on its way. 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Please try again<\/p>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_3\">\n<section aria-describedby=\"advertisment3991564270959850648429863817445376\" class=\"ad\">\n<p>Advertisement 3<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-3\">\n<div class=\"ad__inner__container\" data-ad=\"[[7,7],[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-interscroller=\"7x7\" data-ad-loc=\"3\" data-ad-mobile=\"[[7,7],[300,250],[320,50],[300,50]]\" data-aqa=\"advertisement\" id=\"ad-3\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>The U.S. dollar index measures the international value of the greenback against a basket of other major currencies including the loonie.<\/p>\n<p>\u201cThe (U.S.) dollar is stronger across the board,\u201d Derek Holt, vice-president and head of capital markets economics at the Bank of Nova Scotia, said in a note on Monday. \u201cTrump just doesn\u2019t get it. U.S. tariffs on net reduce demand for foreign currencies through the harm to imports and raise safe haven appeal for the dollar.\u201d<\/p>\n<p>Holt said that tariffs will only increase the appeal of the U.S. dollar thereby widening the country\u2019s trade deficit, which has been one of the president\u2019s major concerns and apparent drivers for launching this trade war against his two main commercial partners.<\/p>\n<p>\u201cHe\u2019ll do more to strengthen the dollar, and on we keep going with the usual lagging effects,\u201d Holt said.<\/p>\n<p>CIBC\u2019s currency team said in a note early Monday that \u201cthe tariff premium in USD\/CAD now looks to be about four per cent,\u201d although with bets rising for another Bank of Canada rate cut there could be a further 1.5 per cent risk.<\/p>\n<p>Last week, Bank of Canada governor Tiff Macklem called U.S. tariffs a \u201cmajor uncertainty\u201d during a press conference after policymakers cut rates by 25 basis points to three per cent.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_4\">\n<section aria-describedby=\"advertisment4031125578732446066788121282871296\" class=\"ad\">\n<p>Advertisement 4<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-4\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"4\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-4\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>In the statement accompanying the decision, the central bank said: \u201cIf broad-based and significant tariffs were imposed, the resilience of Canada\u2019s economy would be tested. We will be following developments closely and assessing the implications for economic activity, inflation and monetary policy in Canada.\u201d<\/p>\n<section aria-labelledby=\"moreTopicLabel1600961391617577870610393745850368\" class=\"more-topic\" data-aqa=\"embed-more-topic\" data-carousel-component=\"\" data-carousel-icon-button=\"\" data-carousel-type=\"list\">\n<p>Recommended from Editorial<\/p>\n<p><button aria-hidden=\"true\" class=\"more-topic__button-prev\" data-carousel-prev=\"\" tabindex=\"-1\" title=\"previous\" type=\"button\"\/><\/p>\n<ol class=\"more-topic__items list-unstyled\" data-carousel-slide-list=\"\" tabindex=\"0\">\n<li data-evt-val=\"{\" control_fields=\"\" gets=\"\" temporary=\"\" reprieve=\"\" as=\"\" trump=\"\" holds=\"\" on=\"\" tariff=\"\" threat=\"\" data-carousel-item=\"\" data-evt=\"click\" data-evt-typ=\"click\"> <picture class=\"more-topic__item-image\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/01\/no0120loonie.jpg?h=96&strip=all&quality=5&sig=XAVT-JIyDWfBAw5LcDOgKg&ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/01\/no0120loonie.jpg?h=96&strip=all&quality=5&sig=XAVT-JIyDWfBAw5LcDOgKg&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/01\/no0120loonie.jpg?h=96&strip=all&quality=5&sig=XAVT-JIyDWfBAw5LcDOgKg&ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/01\/no0120loonie.jpg?h=96&strip=all&quality=5&sig=XAVT-JIyDWfBAw5LcDOgKg&ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/01\/no0120loonie.jpg?h=96&strip=all&quality=5&sig=XAVT-JIyDWfBAw5LcDOgKg&ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/01\/no0120loonie.jpg?h=96&strip=all&quality=5&sig=XAVT-JIyDWfBAw5LcDOgKg&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/01\/no0120loonie.jpg?h=96&strip=all&quality=5&sig=XAVT-JIyDWfBAw5LcDOgKg&ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/01\/no0120loonie.jpg?h=96&strip=all&quality=5&sig=XAVT-JIyDWfBAw5LcDOgKg&ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/01\/no0120loonie.jpg?h=96&strip=all&quality=5&sig=XAVT-JIyDWfBAw5LcDOgKg&ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/01\/no0120loonie.jpg?h=96&strip=all&quality=5&sig=XAVT-JIyDWfBAw5LcDOgKg&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/01\/no0120loonie.jpg?h=96&strip=all&quality=5&sig=XAVT-JIyDWfBAw5LcDOgKg&ssl=1&w=1600&resize=1600&ssl=1 1600w\" alt=\"The Canadian dollar was up 1.25 per cent to 69.86 cents U.S. on Monday.\" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/01\/no0120loonie.jpg?h=96&strip=all&quality=80&sig=3oOKzB20dks3Vm0RIzAtLw\" fifu-data-src=\"https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/01\/no0120loonie.jpg?h=96&strip=all&quality=5&sig=XAVT-JIyDWfBAw5LcDOgKg&ssl=1\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/01\/no0120loonie.jpg?h=96&strip=all&quality=80&sig=3oOKzB20dks3Vm0RIzAtLw, https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/01\/no0120loonie.jpg?h=192&strip=all&quality=80&sig=NLlanr8QH3flZ68daoN-4g 2x,\n                                             https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/01\/no0120loonie.jpg?h=288&strip=all&quality=80&sig=fOBcoLl0sHvomDxG3ZXKkg 3x\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">Loonie gets temporary reprieve as Trump holds on tariff threat<\/span><\/p>\n<\/li>\n<li data-evt-val=\"{\" control_fields=\"\" loonie=\"\" won=\"\" stop=\"\" bank=\"\" of=\"\" canada=\"\" from=\"\" cutting=\"\" rates=\"\" data-carousel-item=\"\" data-evt=\"click\" data-evt-typ=\"click\"> <picture class=\"more-topic__item-image\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2025\/01\/canadian-dollar-0113.jpg?h=96&strip=all&quality=80&sig=nOvzQioErVCiwY5zVUdnUw&ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2025\/01\/canadian-dollar-0113.jpg?h=96&strip=all&quality=80&sig=nOvzQioErVCiwY5zVUdnUw&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2025\/01\/canadian-dollar-0113.jpg?h=96&strip=all&quality=80&sig=nOvzQioErVCiwY5zVUdnUw&ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2025\/01\/canadian-dollar-0113.jpg?h=96&strip=all&quality=80&sig=nOvzQioErVCiwY5zVUdnUw&ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2025\/01\/canadian-dollar-0113.jpg?h=96&strip=all&quality=80&sig=nOvzQioErVCiwY5zVUdnUw&ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2025\/01\/canadian-dollar-0113.jpg?h=96&strip=all&quality=80&sig=nOvzQioErVCiwY5zVUdnUw&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2025\/01\/canadian-dollar-0113.jpg?h=96&strip=all&quality=80&sig=nOvzQioErVCiwY5zVUdnUw&ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2025\/01\/canadian-dollar-0113.jpg?h=96&strip=all&quality=80&sig=nOvzQioErVCiwY5zVUdnUw&ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2025\/01\/canadian-dollar-0113.jpg?h=96&strip=all&quality=80&sig=nOvzQioErVCiwY5zVUdnUw&ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2025\/01\/canadian-dollar-0113.jpg?h=96&strip=all&quality=80&sig=nOvzQioErVCiwY5zVUdnUw&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2025\/01\/canadian-dollar-0113.jpg?h=96&strip=all&quality=80&sig=nOvzQioErVCiwY5zVUdnUw&ssl=1&w=1600&resize=1600&ssl=1 1600w\" fifu-data-src=\"https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2025\/01\/canadian-dollar-0113.jpg?h=96&strip=all&quality=80&sig=nOvzQioErVCiwY5zVUdnUw&ssl=1\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2025\/01\/canadian-dollar-0113.jpg?h=96&strip=all&quality=80&sig=nOvzQioErVCiwY5zVUdnUw, https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2025\/01\/canadian-dollar-0113.jpg?h=192&strip=all&quality=80&sig=yYkNb_fSITGmVk3Avh63Xw 2x,\n                                             https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2025\/01\/canadian-dollar-0113.jpg?h=288&strip=all&quality=80&sig=KA5ED_OChkK94iLziNuCpQ 3x\" alt=\"None\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">Weak loonie won&#8217;t stop Bank of Canada from cutting rates<\/span><\/p>\n<\/li>\n<\/ol>\n<p><button aria-hidden=\"true\" class=\"more-topic__button-next\" data-carousel-next=\"\" tabindex=\"-1\" title=\"next\" type=\"button\"\/><\/section>\n<p>Last week, the Fed held its policy rate in the range of 4.25 to 4.50 per cent as policymakers there cited a strong labour market, stickier inflation and uncertainty regarding the direction of the Trump administration.<\/p>\n<p>Bonds reflected that dynamic. The price of Canadian bonds soared as traders increased bets that the Bank of Canada will be forced to cut interest rates at its next meeting in March to try and protect the Canadian economy. The price of the Canada two-year government bond rose 0.3 per cent while, the yield fell to 2.44 per cent, its lowest level since 2022.<\/p>\n<p data-async=\"\"><em>\u2022 Email: gmvsuhanic@postmedia.com <\/em><\/p>\n<p data-async=\"\"><em><strong>Bookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add financialpost.com to your bookmarks and sign up for our newsletters here.<\/em><\/p>\n<\/section>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<\/section>\n<section class=\"article-content__share-group article-delimiter\" data-evt-val=\"{\" control_fields=\"\" data-evt-typ=\"page_scroll\">\n<p>Share this article in your social network<\/p>\n<\/section>\n<\/div>\n\n<br \/>Canadian dollar dips below 68 cents U.S.<\/a><br \/>\n<br \/>2025-02-03 18:40:37<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Breadcrumb Trail Links News Economy Began to climb back up on reports that Mexico had been given a one-month tariff reprieve Published Feb 03, 2025 \u00a0\u2022\u00a0 3 minute read You&#8230;<\/p>\n","protected":false},"author":2,"featured_media":55762,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0203canadiandollar.jpg?quality=90&strip=all&w=288&h=216&sig=7wiaXqI15qSyGcfQlyr71w","fifu_image_alt":"","footnotes":""},"categories":[31],"tags":[],"class_list":["post-55761","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/55761","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=55761"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/55761\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/55762"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=55761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=55761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=55761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}