# Canadian dollar falls despite positive economic data

> The Canadian dollar fell against the U.S. dollar after Trump threatened a 5% tariff on all Mexican goods from June 10, which could rise to 25% by October. Canadian monthly GDP grew 0.5%, above the 0.4% analysts expected. The trade threat raises the risk of wider trade conflict with Europe and Japan.

- Date: 2019-05-31 · published 2019-05-31T12:00:00.000Z
- Category: trade · region Mexico · magnitude high
- Page: https://feedsoft.ai/events/59325-canadian-dollar-falls-despite-positive-economic-data
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Tariffs on Mexico threaten a major buyer of U.S. corn, soymeal and pork, and wider trade conflict could cut export demand for feed ingredients.

## Read by commodity

- SBM: bearish ▼
- CORN: bearish ▼
- HOGS: bearish ▼
- USDMXN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-05-31 | [Dollar falls for first day in 5 ahead of US consumer spending data](https://feedsoft.ai/events/59254-dollar-falls-for-first-day-in-5-ahead-of-us-consumer-spending-data.md) | -2.5% | +3.0% |
| CORN | 2018-11-19 | [Canadian dollar edges lower as trade tensions weigh - The Globe and Mail](https://feedsoft.ai/events/62273-canadian-dollar-edges-lower-as-trade-tensions-weigh-the-globe-and-mail.md) | -1.4% | +8.5% |
| CORN | 2019-11-13 | [Dollar falls against yen as investors shift to safe havens](https://feedsoft.ai/events/56316-dollar-falls-against-yen-as-investors-shift-to-safe-havens.md) | -0.8% | -4.5% |
| CORN | 2024-01-11 | [The GE Corn Dispute:  U.S. Agriculture Challenges Mexican Culture – International Economic Law and Policy Blog](https://feedsoft.ai/events/32098-the-ge-corn-dispute-u-s-agriculture-challenges-mexican-culture-international.md) | -1.3% | -5.6% |
| CORN | 2017-09-04 | [US Farmers Look for Economic Boost From NAFTA Negotiations](https://feedsoft.ai/events/68923-us-farmers-look-for-economic-boost-from-nafta-negotiations.md) | +0.6% | +1.9% |
| SBM | 2018-12-05 | [Soybean Prices Depend on China - Purdue Agricultural Economics](https://feedsoft.ai/events/61595-soybean-prices-depend-on-china-purdue-agricultural-economics.md) | -0.6% | +0.8% |
| SBM | 2025-05-23 | [US farmers feel pain as soybean exports to China flatline despite tariff truce \| South China Morning Post](https://feedsoft.ai/events/14660-us-farmers-feel-pain-as-soybean-exports-to-china-flatline-despite-tariff-truce.md) | -0.3% | -4.4% |
| SBM | 2018-06-05 | [Mexican Peso Falls to Lowest in a Year as Nafta Seen Delayed - Bloomberg](https://feedsoft.ai/events/64745-mexican-peso-falls-to-lowest-in-a-year-as-nafta-seen-delayed-bloomberg.md) | -4.8% | -10.7% |

## Sources

- economies.com: https://www.economies.com/forex/news/canadian-dollar-falls-despite-positive-economic-data-29211

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