# Canadian Dollar Leads Major Currency Pack at Year-end but Is Seen Running Out of Road

> The Canadian dollar was the best performing major currency of 2019 at year-end, rising more than 3% against most majors. Scotiabank said the loonie is running out of road against the USD after a 5% drop in USD/CAD since the start of the year.

- Date: 2019-12-31 · published 2019-12-31T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/55802-canadian-dollar-leads-major-currency-pack-at-year-end-but-is-seen-running-out
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

This is a currency market wrap with no new shock for feed commodities. A firmer loonie marginally raises the cost of Canadian-origin canola meal and barley in USD terms.

## Read by commodity

- USDCAD: neutral

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/cad/12574-canadian-dollar-leads-major-currency-pack-at-year-end-but-is-seen-running-out-of-road

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