# C$ posts biggest monthly loss since October as rate outlooks diverge | Kitco News

> The Canadian dollar fell to an 11-day low against the US dollar on April 30 after slower-than-expected GDP growth. For April the loonie lost 1.5%, its biggest monthly decline since October, as money markets priced Bank of Canada cuts ahead of the Fed.

- Date: 2024-04-30 · published 2024-04-30T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/30969-c-posts-biggest-monthly-loss-since-october-as-rate-outlooks-diverge-kitco-news
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Diverging rate expectations are weakening the loonie, which raises the cost of Canadian-origin feed inputs priced in US dollars for buyers in USD terms and shifts export competitiveness for Canadian canola and barley.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- kitco.com: https://www.kitco.com/news/off-the-wire/2024-04-30/c-posts-biggest-monthly-loss-october-rate-outlooks-diverge

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