THREAT · Export Alberta · Currency
USD/CAD traded at 1.3769 on August 20, with the Canadian dollar up roughly 1.2% on the week and 2.1% on the month – a multi-month high for the loonie. The move is driven by broad U.S. dollar weakness and firm crude prices, and analysts see near-term momentum still tilted toward the Canadian dollar.
What it means: Every USD-denominated invoice is converting to about two percent fewer Canadian dollars than a month ago – worth a pricing and hedging review, and one more reason to weigh markets beyond the U.S. while trade terms are in flux.
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