# USD to CAD Update: Canadian Economy Now Just 3% Below Pre-Pandemic Levels - Interchange Currency Exchange

> Canadian economic activity was reported at only about 3% below pre-pandemic levels in February 2020, and the Canadian dollar grew 0.7% in January. Markets were largely flat, with equities and oil expected to open little changed.

- Date: 2021-03-30 · published 2021-03-30T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/48371-usd-to-cad-update-canadian-economy-now-just-3-below-pre-pandemic-levels
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A faster economic recovery supports Canadian demand and the loonie, while the prospect of stimulus being withdrawn may shift exchange rates. Currency moves affect the US-dollar cost of Canadian grain and oilseed exports.

## Read by commodity

- USDCAD: neutral

## Sources

- interchangefinancial.com: https://www.interchangefinancial.com/blog/usd-to-cad-update-usd-gains-broadly-as-biden-set-to-announce-massive-infrastructure-bill/

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