# Baystreet.ca - USD/CAD: Loonie on short NAFTA leash

> Canadian dollar weakness on July 31, 2018 followed a report that Canada was excluded from high-level NAFTA talks between Mexico and the U.S. USD/CAD rose to 1.3095 before retreating. Canadian May CPI was expected to rise 0.4 percent.

- Date: 2018-07-31 · published 2018-07-31T12:00:00.000Z
- Category: trade · region Canada · magnitude low
- Page: https://feedsoft.ai/events/64260-baystreet-ca-usd-cad-loonie-on-short-nafta-leash
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Trade exclusion risk for Canada raises uncertainty for North American feed and grain trade flows, and the loonie's weakness can shift relative export pricing.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- baystreet.ca: https://www.baystreet.ca/forex_trader/1839/usdcad-loonie-on-short-nafta-leash

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