# Canadian dollar edges higher against U.S. dollar from two-week low - The Globe and Mail

> The Canadian dollar edged up about 0.1% to 1.3240 per U.S. dollar after touching its weakest level since June 15. The U.S. dollar index hit a two-week high on solid U.S. labour data. Traders were awaiting Canadian GDP and Bank of Canada survey releases.

- Date: 2023-06-29 · published 2023-06-29T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/35739-canadian-dollar-edges-higher-against-u-s-dollar-from-two-week-low-the-globe-and
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A firmer loonie makes Canadian-origin feed and oilseed exports costlier for dollar buyers, which can mildly support prices for those origins. The move is small and mostly reflects U.S. dollar strength.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/investing/markets/inside-the-market/market-news/article-canadian-dollar-edges-higher-against-us-dollar-from-two-week-low/

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