https://www.mondialnews.com/2025/09/10/canadian-dollar-dips-further-as-loonie-loses-momentum/
The Canadian dollar experienced another decline on Tuesday as key support levels continued to erode, signaling growing investor concerns about the currency’s near-term outlook. According to market analysts at Mitrade, the Loonie’s weakening momentum reflects a combination of disappointing domestic economic data and broader global market uncertainties. This latest drop adds to the mounting pressure on the Canadian dollar, raising questions about what lies ahead for one of North America’s most closely watched currencies.
Canadian Dollar Slips Amidst Weakening Economic Indicators and Global Market Uncertainty
The Canadian dollar experienced renewed pressure this week as a series of disappointing economic reports dampened investor confidence. Key indicators, including manufacturing output and retail sales, fell short of expectations, signaling a potential slowdown in Canada’s economic momentum. This decline has been further exacerbated by global market uncertainties, with…
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Author : Charlotte Adams
Publish date : 2025-09-10 19:40:00
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