# CANADA FX DEBT-Canadian dollar notches monthly gain as equities rally | Kitco News

> The Canadian dollar edged lower on March 31 but held near its strongest level in over five weeks, with the currency up 0.8% for the month. Stronger-than-expected Canadian Q1 growth and rising equities supported the loonie as the U.S. dollar weakened broadly.

- Date: 2023-03-31 · published 2023-03-31T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/37096-canada-fx-debt-canadian-dollar-notches-monthly-gain-as-equities-rally-kitco-news
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A firmer loonie against a softer U.S. dollar lowers the cost of Canadian-origin feed inputs and canola products priced in U.S. dollars, which can ease import costs for buyers.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- kitco.com: https://www.kitco.com/news/off-the-wire/2023-03-31/canada-fx-debt-canadian-dollar-notches-monthly-gain-equities-rally

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