# Canadian Dollar recovers ground after quick dip to fresh multi-year lows

> The Canadian dollar recovered 0.65% on Friday after briefly hitting a multi-year low overnight on renewed tariff threats. The White House signaled tariffs on Canada and Mexico may not begin until March 1, easing market sentiment. Canadian GDP for November contracted more than expected but had little market impact.

- Date: 2025-01-31 · published 2025-01-31T12:00:00.000Z
- Category: trade · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/26758-canadian-dollar-recovers-ground-after-quick-dip-to-fresh-multi-year-lows
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A delay in tariffs reduces near-term disruption risk for North American grain and oilseed trade, supporting stable export pricing. The tariff uncertainty, however, keeps volatility elevated for currency-linked feed prices.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- fxstreet.com: https://www.fxstreet.com/news/canadian-dollar-recovers-ground-after-quick-dip-to-fresh-multi-year-lows-202501311801

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