The Canadian dollar edged to a multi-year low against its U.S. counterpart on Tuesday as investors awaited a Federal Reserve interest rate decision and sought protection against additional losses for the currency.

I’ve been bearish on the Canadian dollar for a long time and this is one call that did prove to be spectacularly correct. Perhaps it is time for a rethink at current levels - at 69.8 cents U.S, it is the weakest it has been since March 2020.

It is the fist time the dollar has dropped this low since March of 2020. Use precise geolocation data and actively scan device characteristics for identification. This is done to store and access information on a device and to provide personalised ads and content,

Loonie falls to 69.25 U.S. cents after touching its weakest intraday level since the onset of the pandemic in 2020