# Canadian dollar delinks from Wall Street as domestic risks threaten

> The Canadian dollar is decoupling from U.S. stock performance as investors focus on domestic economic headwinds. The correlation between the S&P 500 and the loonie has collapsed since March, and the currency fell even as U.S. stocks hit a record high.

- Date: 2019-05-03 · published 2019-05-03T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/59319-canadian-dollar-delinks-from-wall-street-as-domestic-risks-threaten
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Canada sends about 75% of its exports to the U.S., so a weaker loonie shifts the cost of Canadian exports such as canola and crude, and domestic weakness can dominate the usual risk-appetite link.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/article/idUSKCN1S825H/

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