# Why now may be a good time to consider buying U.S. stocks using Canadian depositary receipts - The Globe and Mail

> Commentary says the loonie rose over half a percent on Thursday and gained more than 2% for April, after the US and Canadian central banks held rates but hinted at different outlooks. Analysts differ on whether the Fed will look past an inflation spike. The piece suggests currency-hedged investing in US stocks.

- Date: 2026-04-30 · published 2026-04-30T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/19940-why-now-may-be-a-good-time-to-consider-buying-u-s-stocks-using-canadian
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Diverging central bank signals shift currency expectations, affecting dollar-denominated commodity demand and import costs for Canadian buyers.

## Read by commodity

- DXY: neutral
- USDCAD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-04-29 | [Canadian dollar steadies as oil lifts BoC rate hike bets - The Globe and Mail](https://feedsoft.ai/events/19934-canadian-dollar-steadies-as-oil-lifts-boc-rate-hike-bets-the-globe-and-mail.md) | -0.1% | +0.3% |
| DXY | 2020-03-03 | [Canadian dollar weakens as investors bet on Bank of Canada matching Fed rate cut - The Globe and Mail](https://feedsoft.ai/events/54361-canadian-dollar-weakens-as-investors-bet-on-bank-of-canada-matching-fed-rate.md) | +0.3% | +5.5% |
| DXY | 2019-01-21 | [Canadian dollar weakens as IMF cuts world growth outlook, data shows slowdown in China’s economy - The Globe and Mail](https://feedsoft.ai/events/61321-canadian-dollar-weakens-as-imf-cuts-world-growth-outlook-data-shows-slowdown-in.md) | -0.4% | +0.0% |
| DXY | 2024-03-26 | [It will be a sideways bumpy road for the USD in the coming months – Nordea — Octa](https://feedsoft.ai/events/31394-it-will-be-a-sideways-bumpy-road-for-the-usd-in-the-coming-months-nordea-octa.md) | +0.4% | +1.7% |
| DXY | 2024-07-10 | [Why the Fed cutting interest rates may weaken the U.S. dollar](https://feedsoft.ai/events/29459-why-the-fed-cutting-interest-rates-may-weaken-the-u-s-dollar.md) | -0.6% | +0.2% |

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/investing/markets/inside-the-market/article-bank-canada-federal-reserve-depositary-receipts-loonie/

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