# Canadian dollar hits 6-week low as U.S.-China tensions climb | Financial Post

> The Canadian dollar weakened to a near six-week low against the U.S. dollar after the U.S. Senate passed Hong Kong human rights legislation, which Beijing condemned. The loonie recovered some losses after October inflation held at 1.9%, in line with expectations. Bank of Canada officials signaled concern about the external climate.

- Date: 2019-11-20 · published 2019-11-20T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/56308-canadian-dollar-hits-6-week-low-as-u-s-china-tensions-climb-financial-post
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

U.S.-China tension makes a trade deal harder, which weighs on commodity demand and on Canada's commodity-linked economy. A weaker loonie makes Canadian exports cheaper in dollar terms.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/canadian-dollar-hits-6-week-low-as-u-s-china-tensions-climb

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