# Canadian dollar hits 4-1/2-year low as yield spread weighs | Reuters

> The Canadian dollar fell to a 4.5-year low of 1.4190 per US dollar on Thursday as broad US dollar gains and a widening yield gap weighed on the loonie. Canada's 2-year yield had fallen as much as 126 basis points below the US counterpart, the largest gap since 1997.

- Date: 2024-12-12 · published 2024-12-12T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/27212-canadian-dollar-hits-4-1-2-year-low-as-yield-spread-weighs-reuters
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A widening Canada-US yield spread pushes capital out of the loonie and lowers the US dollar cost of Canadian exports. Currency-driven export competitiveness shifts Canadian grain and oilseed flows in the short term.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/canadian-dollar-hits-4-12-year-low-yield-spread-weighs-2024-12-12/

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