# Canadian dollar dips as greenback notches broad-based gains — TradingView News

> The Canadian dollar fell 0.2% to 1.3830 per U.S. dollar on Wednesday, extending a pullback from a seven-month high. U.S. consumer confidence improved in May, which supported the greenback across the board. Traders were waiting for Canadian GDP data due on Friday.

- Date: 2025-05-28 · published 2025-05-28T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/24921-canadian-dollar-dips-as-greenback-notches-broad-based-gains-tradingview-news
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A weaker loonie raises the U.S.-dollar cost of Canadian feed exports. The move is driven by U.S. currency strength rather than a change in Canadian supply or demand.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- tradingview.com: https://www.tradingview.com/news/reuters.com,2025:newsml_L2N3S00Y7:0-canadian-dollar-dips-as-greenback-notches-broad-based-gains/

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