# Will the Canadian dollar slip below 70 cents US? | CBC News

> The Canadian dollar has slipped to its lowest level in five years, weaker than at any point since 2015 outside the COVID lows. Experts said it could fall below 70 US cents and possibly toward 68 cents. About 75% of Canadian exports go to the US, and the decline has accelerated since Trump's re-election.

- Date: 2024-11-22 · published 2024-11-22T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/27656-will-the-canadian-dollar-slip-below-70-cents-us-cbc-news
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A weaker loonie lowers the USD cost of Canadian exports, which can support Canadian grain and oilseed competitiveness but raises import costs for Canadian feed users. Persistent weakness adds to the trade-tension risk around cross-border flows.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- cbc.ca: https://www.cbc.ca/news/business/loonie-canada-currency-dollar-trade-1.7389839

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