# Canadian dollar rebounds from four-month low but posts steep monthly decline | MarketScreener

> The Canadian dollar edged higher against the US dollar on March 31 after nearly hitting a four-month low, as Canadian GDP data showed unexpected growth at the start of the year. The loonie still fell about 2% over March, its biggest monthly decline since December 2024.

- Date: 2026-03-31 · published 2026-03-31T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/20390-canadian-dollar-rebounds-from-four-month-low-but-posts-steep-monthly-decline
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

A weaker loonie makes Canadian-origin feed inputs such as canola meal cheaper for importers, while safe-haven USD demand and narrowing rate differentials point to continued pressure on USD/CAD toward 1.40.

## Read by commodity

- USDCAD: bullish ▲
- CANMEAL: bearish ▼

## Sources

- marketscreener.com: https://www.marketscreener.com/news/canadian-dollar-extends-steep-march-decline-nears-1-40-per-u-s-dollar-ce7e51dede80f42d

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