# Canadian dollar gains as investors eye U.S. inflation pressures - The Globe and Mail

> The Canadian dollar strengthened against the US dollar on April 25 as Canadian wage growth picked up and traders awaited US inflation data. The loonie traded 0.3% higher at 1.3665 per US dollar.

- Date: 2024-04-25 · published 2024-04-25T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/30970-canadian-dollar-gains-as-investors-eye-u-s-inflation-pressures-the-globe-and
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Currency moves tied to US inflation expectations shift the relative cost of Canadian feed grains and canola meal, but the effect on feed prices is modest in the short run.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/investing/markets/inside-the-market/market-news/article-canadian-dollar-gains-as-investors-eye-us-inflation-pressures/

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