# Canadian Dollar Tanks Amid Bad News From Trump And StatCan | HuffPost Business

> The loonie fell nearly a cent on Thursday to 77.1 U.S. cents after the U.S. announced steel and aluminum tariffs on Canada. A Statistics Canada report also showed first-quarter growth slowing to 1.3 percent annualized, below analyst expectations.

- Date: 2018-05-31 · published 2018-05-31T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/65246-canadian-dollar-tanks-amid-bad-news-from-trump-and-statcan-huffpost-business
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Tariffs and weaker Canadian growth reduce demand for U.S. exports into Canada and threaten trade flows that support U.S. feed grain and meat demand, while the weaker loonie shifts currency-driven pricing.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- huffpost.com: https://www.huffpost.com/archive/ca/entry/canadian-dollar-trump-tariffs-gdp_ca_5cd55280e4b07bc72976f730

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