# Canadian dollar gives back most of weekly rally as stocks slide | Financial Post

> The Canadian dollar fell about 1% on Friday to 1.4082 to the greenback as stock markets slid and investors assessed the incoming Bank of Canada governor's stance on negative rates. The Bank of Canada has cut rates by 150 basis points since March to 0.25%.

- Date: 2020-05-01 · published 2020-05-01T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/53363-canadian-dollar-gives-back-most-of-weekly-rally-as-stocks-slide-financial-post
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Currency and rate expectations drive the loonie, but the move has no direct bearing on feed commodity supply or demand.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/canadian-dollar-gives-back-most-of-weekly-rally-as-stocks-slide-2

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