# Canadian dollar slips as flat first-quarter GDP fuels Bank of Canada rate-cut bets - VT Markets

> Statistics Canada reported Q1 2026 GDP was flat quarter-on-quarter, or -0.1% annualized, versus a 1.5% forecast, with March contracting 0.1% monthly. VT Markets said USD/CAD was up 0.25% to 1.3820 and forecast a move toward 1.4000.

- Date: 2026-05-30 · published 2026-05-30T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/19481-canadian-dollar-slips-as-flat-first-quarter-gdp-fuels-bank-of-canada-rate-cut
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Expectations of Bank of Canada easing and a weaker loonie shift the currency backdrop for Canadian canola and barley exports, a modest factor for feed import costs.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- vtmarkets.com: https://www.vtmarkets.com/en-ca/live-updates/canadian-dollar-slips-as-flat-first-quarter-gdp-fuels-bank-of-canada-rate-cut-bets/

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