# Canadian dollar could fall below 70 cents if Trump wins

> Analysts at Corpay discuss how the U.S. election and Bank of Canada rate cuts could push the Canadian dollar below 70 U.S. cents if Donald Trump wins. The piece is a short market interview with no new data.

- Date: 2024-10-30 · published 2024-10-30T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/28117-canadian-dollar-could-fall-below-70-cents-if-trump-wins
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Election-driven currency risk could raise the Canadian-dollar cost of U.S. feed imports if the loonie weakens further. The effect is speculative and depends on the election outcome.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- financialpost.com: https://financialpost.com/economy/canadian-dollar-could-fall-below-70-cents-if-trump-wins/

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