Canadian Dollar Logs 1.5% Weekly Rally as U.S. Dollar Weakens

On January 26, 2026, the Canadian dollar notched its largest weekly advance since May, up 1.5% versus the U.S. dollar. The loonie traded at 1.3715 per dollar on Friday, gaining 0.5% on the day and touching its strongest level since early January. Oil and bond moves, plus retail data, provided additional context.