# USD/CAD – Canadian Dollar Dips, U.S. GDP Beats Expectations | Investing.com

> The Canadian dollar slipped on Thursday as U.S. advance fourth-quarter GDP grew 2.6%, above the 2.2% estimate. Canada's current account deficit widened to C$15.5 billion. Fed Chair Powell had stressed patience on rates in congressional testimony.

- Date: 2019-02-28 · published 2019-02-28T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/60838-usd-cad-canadian-dollar-dips-u-s-gdp-beats-expectations-investing-com
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Stronger U.S. growth and a patient Fed support the dollar against the loonie, which weighs on Canadian currency-driven costs. The effect on feed commodity prices is indirect.

## Read by commodity

- DXY: bullish ▲
- USDCAD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-11-27 | [AUD/USD: Dollar Rallies As US GDP Beats Expectations - Currency Live](https://feedsoft.ai/events/56326-aud-usd-dollar-rallies-as-us-gdp-beats-expectations-currency-live.md) | -0.3% | -1.6% |
| DXY | 2026-02-24 | [US Dollar Firms as Fed Minutes Temper Rate-Cut Expectations \| Investing.com](https://feedsoft.ai/events/20509-us-dollar-firms-as-fed-minutes-temper-rate-cut-expectations-investing-com.md) | +0.6% | +1.7% |
| DXY | 2022-05-08 | [U.S. Dollar Vs. Commodities: Correlation Confusion \| Investing.com](https://feedsoft.ai/events/41311-u-s-dollar-vs-commodities-correlation-confusion-investing-com.md) | +0.8% | -1.3% |
| DXY | 2026-08-28 | [Canadian dollar slips as trade tensions, Fed outlook keep loonie under pressure By Investing.com](https://feedsoft.ai/events/18124-canadian-dollar-slips-as-trade-tensions-fed-outlook-keep-loonie-under-pressure.md) | -0.2% | +1.7% |
| DXY | 2018-05-02 | [Fed Likely On Hold, But What About U.S. Dollar? \| Investing.com Canada](https://feedsoft.ai/events/64950-fed-likely-on-hold-but-what-about-u-s-dollar-investing-com-canada.md) | +1.2% | +1.8% |

## Sources

- investing.com: https://www.investing.com/analysis/usdcad--canadian-dollar-dips-us-gdp-beats-expectations-200393410

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