# Canadian dollar steadies as exporter confidence soars - Markets - Business Recorder

> The Canadian dollar was little changed against the U.S. dollar on Thursday, as a dip in oil prices offset data showing exporter confidence at its highest in over 20 years. EDC's Trade Confidence Index rose 19% from end-2020 to mid-2021. Oil held close to a three-year high and the loonie gained 1.3% over the week.

- Date: 2021-06-24 · published 2021-06-24T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/46836-canadian-dollar-steadies-as-exporter-confidence-soars-markets-business-recorder
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Strong exporter confidence points to firm demand for Canadian goods, which supports the loonie and can keep import costs for U.S.-dollar-priced feed ingredients elevated. The effect on grain and oilseed prices is indirect.

## Read by commodity

- USDCAD: neutral

## Sources

- brecorder.com: https://www.brecorder.com/news/40102718

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