# Canadian dollar adds to weekly decline despite sharp GDP gain - Markets - Business Recorder

> The Canadian dollar fell to a nine-day low against the US dollar on Friday. Investors were unimpressed by strong Canadian Q2 GDP growth of 3.3% annualized, after the US imposed new 50% tariffs on $20 billion of Canadian imports. Fed Chair Kevin Warsh's hawkish Jackson Hole remarks also lifted the dollar.

- Date: 2026-08-31 · published 2026-08-31T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/18121-canadian-dollar-adds-to-weekly-decline-despite-sharp-gdp-gain-markets-business
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A weaker loonie and firmer US dollar raise the cost of US-sourced feed ingredients for Canadian buyers. Tariff escalation adds trade-friction risk to bilateral agricultural flows.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40437147

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.