# Canadian dollar sinks to 76.41 cents US — lowest level since June 2017

> The Canadian dollar fell to 76.41 US cents on April 1, its lowest level since June 2017, and posted its worst week against the US dollar in over a year. Weak manufacturing sales data, NAFTA fears and expectations of slower Bank of Canada rate hikes weighed on the currency.

- Date: 2018-04-01 · published 2018-04-01T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/66247-canadian-dollar-sinks-to-76-41-cents-us-lowest-level-since-june-2017
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A weaker loonie raises the Canadian-dollar cost of US-priced feed inputs and can encourage Canadian export demand for grains and meal. The move reflects macro and trade concerns rather than a change in crop supply.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- cbc.ca: https://www.cbc.ca/news/business/canadian-dollar-loonie-currency-1.4579200

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