# Canadian dollar hits multi-year low on hawkish Fed

> The Canadian dollar fell to a near five-year low of 1.4444 per US dollar on Wednesday after the Fed delivered a widely expected rate cut with hawkish guidance. Domestic political uncertainty, threatened US tariffs and Bank of Canada easing added to the pressure.

- Date: 2024-12-18 · published 2024-12-18T12:00:00.000Z
- Category: macro · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/27207-canadian-dollar-hits-multi-year-low-on-hawkish-fed
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Threatened US tariffs on Canadian goods raise the risk to Canadian agricultural and energy trade flows. A weaker loonie supports Canadian export volumes but signals trade-war risk for North American commodity markets.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/canadian-dollar-hits-new-low-scramble-downside-protection-2024-12-18/

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