# Canadian dollar posts fourth straight weekly loss amid Trudeau uncertainty | Reuters

> The Canadian dollar strengthened about 0.3% to 1.4350 per US dollar on Friday after US inflation data, paring a weekly decline of 0.8%. It was still its fourth straight weekly loss, after pressure from a hawkish Federal Reserve and domestic political turmoil in Canada.

- Date: 2024-12-20 · published 2024-12-20T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/27206-canadian-dollar-posts-fourth-straight-weekly-loss-amid-trudeau-uncertainty
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A weaker loonie makes Canadian grain, oilseed and canola exports cheaper in US dollar terms, which can support Canadian export competitiveness. The currency move is a modest factor for North American feed commodity prices.

## Read by commodity

- USDCAD: neutral

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/canadian-dollar-posts-fourth-straight-weekly-loss-amid-trudeau-uncertainty-2024-12-20/

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