# China’s ‘canola crackdown’ could wound an already troubled Canadian dollar - The Globe and Mail

> On April 2, 2019, CIBC analysts said China's expanded ban on Canadian canola could further weaken the Canadian dollar by hurting its trade balance. The dispute followed Canada's arrest of Huawei's chief financial officer, and Canadian farmers were seeking other buyers for canola.

- Date: 2019-04-02 · published 2019-04-02T12:00:00.000Z
- Category: geopolitics · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/59819-china-s-canola-crackdown-could-wound-an-already-troubled-canadian-dollar-the
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Losing Chinese canola demand pushes Canadian supplies into other markets, pressuring canola meal and seed prices and widening discounts for Canadian origin feed protein.

## Read by commodity

- USDCAD: bullish ▲
- CANMEAL: bearish ▼

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/business/briefing/article-chinas-canola-crackdown-could-wound-an-already-troubled-canadian/

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