# The pain trade: Why the Canadian dollar is aching - The Globe and Mail

> The Canadian dollar lost about 2 cents since early February amid the equity rout, as the greenback gained against the loonie and other dollar-bloc currencies. Attention turned to upcoming US inflation data and trade frictions, including Trump criticism of Canadian trade practices.

- Date: 2018-02-13 · published 2018-02-13T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/66726-the-pain-trade-why-the-canadian-dollar-is-aching-the-globe-and-mail
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer US dollar against the loonie tends to make Canadian-origin feed ingredients cheaper for USD buyers but reflects risk-off sentiment that can pressure commodity prices broadly.

## Read by commodity

- DXY: bullish ▲
- USDCAD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-01-31 | [Canadian dollar weakens as Fed rate signal offsets GDP gain - The Globe and Mail](https://feedsoft.ai/events/32333-canadian-dollar-weakens-as-fed-rate-signal-offsets-gdp-gain-the-globe-and-mail.md) | +0.3% | +0.4% |
| DXY | 2022-10-31 | [Canadian dollar slips to six-day low as oil prices fall - The Globe and Mail](https://feedsoft.ai/events/39347-canadian-dollar-slips-to-six-day-low-as-oil-prices-fall-the-globe-and-mail.md) | -0.1% | -2.8% |
| DXY | 2024-04-23 | [Where king dollar is causing pain the most](https://feedsoft.ai/events/30983-where-king-dollar-is-causing-pain-the-most.md) | -0.4% | -1.5% |
| DXY | 2023-02-15 | [Canadian dollar weakens as U.S. data boosts Fed rate hike prospects - The Globe and Mail](https://feedsoft.ai/events/37578-canadian-dollar-weakens-as-u-s-data-boosts-fed-rate-hike-prospects-the-globe.md) | +0.8% | +1.8% |
| DXY | 2018-11-08 | [Canadian dollar hits eight-week low as U.S. Fed affirms rate hike policy - The Globe and Mail](https://feedsoft.ai/events/62276-canadian-dollar-hits-eight-week-low-as-u-s-fed-affirms-rate-hike-policy-the.md) | +1.0% | +1.2% |

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/report-on-business/top-business-stories/the-pain-trade-and-how-the-canadian-dollar-has-never-met-a-financial-selloff-it-didnt-want-tojoin/article37942780/

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