# CAD benefits from USD slide - OFX (US)

> The Canadian dollar gained as the US dollar weakened, with USD/CAD trading near 1.295. Canadian GDP rose 0.8% in September, slightly below expectations, and sterling rose on Brexit deal optimism and UK vaccine approval news.

- Date: 2020-11-30 · published 2020-11-30T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/50386-cad-benefits-from-usd-slide-ofx-us
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

This is a routine currency update with no direct supply or demand effect on feed commodities. A weaker USD can modestly support dollar-denominated commodity prices.

## Read by commodity

- DXY: bearish ▼
- USDCAD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-06-26 | [Japanese Yen benefits from reviving safe-haven demand; USD/JPY slumps to nearly two-week low](https://feedsoft.ai/events/24471-japanese-yen-benefits-from-reviving-safe-haven-demand-usd-jpy-slumps-to-nearly.md) | -0.9% | -0.6% |
| DXY | 2026-01-29 | [USD/CAD slides to 1.3530, pressured by bullish Oil and weak USD](https://feedsoft.ai/events/21290-usd-cad-slides-to-1-3530-pressured-by-bullish-oil-and-weak-usd.md) | +0.6% | +0.3% |
| DXY | 2026-07-30 | [Copper and base metals benefit from the softer dollar](https://feedsoft.ai/events/18266-copper-and-base-metals-benefit-from-the-softer-dollar.md) | -1.2% | -1.9% |
| DXY | 2021-02-25 | [Weak U.S. Dollar Benefits Some Ag Commodities \| Feed & Grain](https://feedsoft.ai/events/48780-weak-u-s-dollar-benefits-some-ag-commodities-feed-and-grain.md) | +0.9% | +1.7% |
| DXY | 2024-11-27 | [USD/JPY: Bearish Break Signals Deeper Slide as US Yields Retreat \| Investing.com](https://feedsoft.ai/events/27643-usd-jpy-bearish-break-signals-deeper-slide-as-us-yields-retreat-investing-com.md) | -0.5% | +0.7% |

## Sources

- ofx.com: https://www.ofx.com/en-us/forex-news/daily-and-weekly-market-news/2020/12/01/cad-benefits-from-usd-slide/

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