# Canadian Dollar holds firm as oil rebounds, Ottawa rolls back tariffs on US goods

> The Canadian dollar held steady on August 25 as USD/CAD consolidated near 1.3820 after Powell's dovish Jackson Hole remarks. Prime Minister Carney confirmed Ottawa will remove counter-tariffs on US goods covered under the USMCA effective September 1.

- Date: 2025-08-25 · published 2025-08-25T12:00:00.000Z
- Category: trade · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/23558-canadian-dollar-holds-firm-as-oil-rebounds-ottawa-rolls-back-tariffs-on-us-goods
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Canada removing counter-tariffs on USMCA-covered U.S. goods reduces trade friction that had hit canola and grain flows. This can support bilateral trade in agricultural products and stabilize crush and meal demand.

## Read by commodity

- CORN: bullish ▲
- USDCAD: neutral
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2025-01-21 | [Wheat Futures Reach New Heights After Trump Holds Back Tariffs - Finimize](https://feedsoft.ai/events/9935-wheat-futures-reach-new-heights-after-trump-holds-back-tariffs-finimize.md) | -0.5% | +3.8% |
| CORN | 2026-07-02 | [China and U.S. seek tariff rollback on farm products - TT](https://feedsoft.ai/events/14562-china-and-u-s-seek-tariff-rollback-on-farm-products-tt.md) | +0.2% | +4.0% |
| CORN | 2018-02-15 | [Sorghum takes hit as China retaliates for tariffs on solar panels](https://feedsoft.ai/events/66548-sorghum-takes-hit-as-china-retaliates-for-tariffs-on-solar-panels.md) | -0.2% | +4.5% |
| CORN | 2025-02-02 | [Dollar lower after U.S. tariffs on Mexico paused for a month](https://feedsoft.ai/events/26268-dollar-lower-after-u-s-tariffs-on-mexico-paused-for-a-month.md) | +0.6% | -3.9% |
| CORN | 2025-04-01 | [US exports record corn shipments to EU as tariffs cast shadow on market outlook](https://feedsoft.ai/events/25592-us-exports-record-corn-shipments-to-eu-as-tariffs-cast-shadow-on-market-outlook.md) | +1.0% | +2.2% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/canadian-dollar-steadies-as-crude-oil-recovery-offsets-greenback-rebound-202508251349

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