# Canadian dollar edges lower as GDP miss clips rate hike prospects | Reuters

> The Canadian dollar edged lower against the US dollar after data showed Canada's economy slipped into a technical recession in Q1, with GDP declining at an annualized 0.1% versus expectations of 1.5% growth. The loonie traded around 1.3790 per US dollar.

- Date: 2026-05-29 · published 2026-05-29T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/19479-canadian-dollar-edges-lower-as-gdp-miss-clips-rate-hike-prospects-reuters
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A weak GDP print reduces the chance of Bank of Canada rate hikes, weakening the loonie; for feed buyers this matters mainly through Canadian canola and barley export pricing in USD terms.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/business/canadian-dollar-edges-lower-gdp-miss-clips-rate-hike-prospects-2026-05-29/

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