# Canadian Dollar Exchange Rates Slip On Weak Trade Balance, RMPI And IPPI | Exchange Rates UK

> The Canadian dollar weakened on a soft trade balance and weaker Raw Materials and Import Price Index readings. Sterling extended gains against the loonie, reaching an eight-month high versus CAD. Canada's GDP was forecast to show 0.0% growth.

- Date: 2019-02-28 · published 2019-02-28T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/60840-canadian-dollar-exchange-rates-slip-on-weak-trade-balance-rmpi-and-ippi
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Weak Canadian data pushes the USD/CAD rate higher, which is a currency move rather than a supply or demand change for feed commodities. Its effect on grain and oilseed prices is minimal.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/24862/cad-canadian-dollar-subdued-on-weak-trade-balance-rmpi-and-ippi.html

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