# Canadian dollar drops after Trump says there is no 'political necessity' to keep Canada in new trade deal

> The Canadian dollar fell to 1.3192 against the US dollar on September 4, its highest level since July 20, after Trump said there was no political necessity to keep Canada in the new NAFTA deal. The US and Mexico had reached a deal without Canada, and talks with Canada had been adjourned.

- Date: 2018-09-04 · published 2018-09-04T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/63275-canadian-dollar-drops-after-trump-says-there-is-no-political-necessity-to-keep
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Risk of Canada being excluded from a North American trade deal raises uncertainty for cross-border grain and feed trade and supports a stronger dollar against the loonie.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- cnbc.com: https://www.cnbc.com/2018/09/04/canadian-dollar-drops-after-trump-says-there-is-no-political-necessity-to-keep-canada-in-new-trade-deal.html

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