# USD/CAD extends the rally to near 1.4450, eyes on US PCE release — Octa

> USD/CAD rose toward 1.4450 as Donald Trump said 25% tariffs on Canadian and Mexican goods would take effect March 4, dashing hopes of a delay. Crude oil fell to a two-month low on improving prospects for a Russia-Ukraine peace deal, and US Q4 GDP growth was confirmed at 2.3%.

- Date: 2025-02-28 · published 2025-02-28T12:00:00.000Z
- Category: trade · region Canada · magnitude high
- Page: https://feedsoft.ai/events/26283-usd-cad-extends-the-rally-to-near-1-4450-eyes-on-us-pce-release-octa
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Confirmed tariffs on Canadian goods and weaker oil prices pressure the loonie and Canadian export economics, while lower crude could weigh on biofuel-linked vegetable oil demand.

## Read by commodity

- WTI: bearish ▼
- USDCAD: bullish ▲
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2019-05-29 | [Loonie falls on oil extends losses](https://feedsoft.ai/events/59326-loonie-falls-on-oil-extends-losses.md) | -9.3% | -2.2% |
| WTI | 2025-04-06 | [Oil prices slide 2% to near 4-year low as US trade conflict fuels recession fears \| Reuters](https://feedsoft.ai/events/6318-oil-prices-slide-2-to-near-4-year-low-as-us-trade-conflict-fuels-recession.md) | -0.8% | -6.8% |
| WTI | 2017-10-31 | [Oil approaches 2-year highs but US export increase looms crude exports \| The National](https://feedsoft.ai/events/68150-oil-approaches-2-year-highs-but-us-export-increase-looms-crude-exports-the.md) | +5.9% | +7.1% |
| WTI | 2019-05-23 | [How Trump And Xi Killed The Oil Rally \| OilPrice.com](https://feedsoft.ai/events/6611-how-trump-and-xi-killed-the-oil-rally-oilprice-com.md) | -4.2% | -12.5% |
| WTI | 2019-05-31 | [Oil Market: US oil falls 5.5% to $53.50 per barrel on fresh trade worries](https://feedsoft.ai/events/9885-oil-market-us-oil-falls-5-5-to-53-50-per-barrel-on-fresh-trade-worries.md) | -6.9% | +4.9% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/1141115/

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