# Canadian dollar surges after US and Canada strike deal to replace NAFTA

> The Canadian dollar rose 0.9 percent to 1.2793 per US dollar after the US and Canada reached a trade deal to replace NAFTA, named USMCA. The agreement gives US dairy farmers greater access to Canada while Canada effectively caps auto exports to the US, with signing expected by end of November.

- Date: 2018-10-01 · published 2018-10-01T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/62777-canadian-dollar-surges-after-us-and-canada-strike-deal-to-replace-nafta
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Confirmed USMCA terms preserve market access for North American agricultural trade, supporting dairy and grain export flows. Reduced trade uncertainty tends to stabilize feed demand across the region.

## Read by commodity

- MILK: bullish ▲
- USDCAD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2021-07-23 | [Weekly dairy digest: USDA releases its annual dairy market and trade report
						 \| The Cattle Site](https://feedsoft.ai/events/46067-weekly-dairy-digest-usda-releases-its-annual-dairy-market-and-trade-report-the.md) | -0.5% | -3.3% |
| MILK | 2023-11-09 | [US butterfat is experiencing a resurgence – and trade opportunities await](https://feedsoft.ai/events/33182-us-butterfat-is-experiencing-a-resurgence-and-trade-opportunities-await.md) | -0.3% | -5.1% |
| MILK | 2020-06-16 | [USDA Trade Mitigation Purchases to Feed People in Need and Aid American Farmers Surpass $2B \| USDA](https://feedsoft.ai/events/52597-usda-trade-mitigation-purchases-to-feed-people-in-need-and-aid-american-farmers.md) | +2.0% | +18.2% |
| MILK | 2017-06-02 | [U.S. Trade Rep Meets with Japan and Dairy Spikes due to Foreign Markets - AG INFORMATION NETWORK OF THE WEST](https://feedsoft.ai/events/4349-u-s-trade-rep-meets-with-japan-and-dairy-spikes-due-to-foreign-markets-ag.md) | -2.3% | -5.8% |
| MILK | 2020-05-21 | [Analysis: Dairy markets continue to trend higher despite strong production - Agriland.ie](https://feedsoft.ai/events/53136-analysis-dairy-markets-continue-to-trend-higher-despite-strong-production.md) | -0.8% | +70.2% |

## Sources

- cnbc.com: https://www.cnbc.com/2018/10/01/canadian-dollar-surges-after-us-and-canada-strike-deal-to-replace-nafta.html

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