# Month-end flows help CAD rebounds from one-month low | Kitco News

> The Canadian dollar strengthened against the U.S. dollar on Friday, rebounding from a one-month low to trade 0.3% higher at 1.3550, helped by month-end portfolio hedging flows. Equity gains and a 2.7% rise in oil to $76.78 a barrel also supported the loonie.

- Date: 2023-04-28 · published 2023-04-28T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/36635-month-end-flows-help-cad-rebounds-from-one-month-low-kitco-news
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A firmer loonie makes Canadian-priced imports cheaper and slightly reduces the cost of Canadian-origin feed ingredients such as canola meal for U.S. buyers. The move is short-term and largely flow-driven.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- kitco.com: https://www.kitco.com/news/off-the-wire/2023-04-28/month-end-flows-help-cad-rebounds-one-month-low

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