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Stock impact report

Posthaste: How the upbeat outlook for the Canadian dollar likely just got trashed [Yahoo! Finance Canada]

Corpay, Inc. (CPAY) 
That, along with other statements by U.S. President Donald Trump regarding Colombia, Mexico and Greenland , has likely upended hopes for an improved economic outlook, including for where the Canadian dollar was headed from here. Many economists had called for the loonie to enter the year around 72.5 cents U.S. and continue to rise throughout 2026, closing in the range of 74 cents U.S. to 76 cents U.S. But on Monday, the Canadian dollar was trading down against its U.S. counterpart in the wake of the attack on Venezuela and worries that its heavy crude oil could displace Canadian exports to the U.S. Since then, the Canadian dollar is down 0.7 per cent and was closing in on falling below 72 cents U.S. for the first time since early December. Oil markets appeared to have a hand in the loonie's pullback, “contradicting our long-standing belief that the Canadian dollar should have evolved beyond its petrocurrency reputation to become a real estate-levered proxy for financial condi Show less Read more
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