# USD/CAD inches higher to mid-1.2600s, CAD GDP and US data in focus — Octa

> USD/CAD climbed to near two-week highs above 1.2600 after a strong US ADP report and a wider Canadian current account deficit. Weaker crude oil prices also weighed on the commodity-linked loonie.

- Date: 2017-08-31 · published 2017-08-31T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/69711-usd-cad-inches-higher-to-mid-1-2600s-cad-gdp-and-us-data-in-focus-octa
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Weaker crude and a softer loonie shift the cost of Canadian-origin feed and oilseed exports, and the pair's move mainly reflects technical and currency flows rather than a new supply or demand change.

## Read by commodity

- WTI: bearish ▼
- USDCAD: bullish ▲

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/484249/

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