# Canadian dollar rallies the most in three months as Fed’s Powell signals possible rate cut - The Globe and Mail

> The Canadian dollar recovered its weekly losses on August 22 as Fed Chair Powell signaled a possible September rate cut at Jackson Hole. Canada also moved to ease trade tensions with the U.S. by removing many retaliatory tariffs. The loonie traded 0.7% higher at 1.3815 per U.S. dollar.

- Date: 2025-08-22 · published 2025-08-22T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/23555-canadian-dollar-rallies-the-most-in-three-months-as-fed-s-powell-signals
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A weaker dollar on rate-cut expectations supports dollar-priced grains and oilseeds, while Canada's tariff rollback may ease canola and grain trade friction with the U.S. Overall effect on feed prices is modest.

## Read by commodity

- DXY: bearish ▼
- SOY: bullish ▲
- CORN: bullish ▲
- USDCAD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-08-31 | [Canadian dollar rises nearly 3% in August, posting its biggest gain in 14 months - The Globe and Mail](https://feedsoft.ai/events/51854-canadian-dollar-rises-nearly-3-in-august-posting-its-biggest-gain-in-14-months.md) | +0.1% | +1.4% |
| DXY | 2021-07-28 | [Canadian dollar gains as Fed readies new money market facilities - The Globe and Mail](https://feedsoft.ai/events/46270-canadian-dollar-gains-as-fed-readies-new-money-market-facilities-the-globe-and.md) | -0.4% | +0.4% |
| DXY | 2020-07-29 | [Canadian dollar gains as investors sell greenbacks on ‘downbeat’ Fed - The Globe and Mail](https://feedsoft.ai/events/52351-canadian-dollar-gains-as-investors-sell-greenbacks-on-downbeat-fed-the-globe.md) | +0.4% | -0.4% |
| DXY | 2019-02-26 | [Canadian dollar strengthens as Fed’s patience bruises greenback - The Globe and Mail](https://feedsoft.ai/events/60837-canadian-dollar-strengthens-as-fed-s-patience-bruises-greenback-the-globe-and.md) | +0.5% | +0.2% |
| DXY | 2019-04-26 | [Canadian dollar rises as U.S. growth composition weighs on greenback - The Globe and Mail](https://feedsoft.ai/events/59816-canadian-dollar-rises-as-u-s-growth-composition-weighs-on-greenback-the-globe.md) | -0.2% | +0.4% |
| CORN | 2025-08-22 | [Commodity Prices Surge As Powell Signals September Fed Rate Cut \| FXEmpire](https://feedsoft.ai/events/23247-commodity-prices-surge-as-powell-signals-september-fed-rate-cut-fxempire.md) | -0.6% | +7.6% |
| CORN | 2024-07-31 | ['Need Greater Confidence In Inflation..': US Fed On Possible Rate Cut In September; What It Means For Gold, Dollar?  - Goodreturns](https://feedsoft.ai/events/29146-need-greater-confidence-in-inflation-us-fed-on-possible-rate-cut-in-september.md) | -0.2% | -4.2% |
| CORN | 2019-11-04 | [The Dollar Advances as Fed Rate Guidance and Trade War Headlines Offer Support](https://feedsoft.ai/events/55964-the-dollar-advances-as-fed-rate-guidance-and-trade-war-headlines-offer-support.md) | +0.9% | +1.4% |

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/business/article-canadian-dollar-rallies-the-most-in-three-months-as-feds-powell/

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