# Canadian dollar falls by most since October as global shares slide | Financial Post

> The Canadian dollar fell to its lowest level in over two weeks, dropping 0.9% against the US dollar, its largest one-day decline since October 28. The move followed a broad sell-off in global shares and a US stock drop after Fed concerns about the recovery.

- Date: 2021-01-27 · published 2021-01-27T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/49368-canadian-dollar-falls-by-most-since-october-as-global-shares-slide-financial
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A weaker loonie makes Canadian grain and oilseed exports cheaper on world markets, which can modestly support Canadian canola meal and pea exports. Risk-off trading also pressures commodity prices broadly.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/canadian-dollar-falls-by-most-since-october-as-global-shares-slide

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