# CANADA FX DEBT-C$ hits a 2-week low as trade deficit widens, greenback rallies

> The Canadian dollar fell to a two-week low of C$1.2611 per US dollar after June's trade deficit widened to C$3.60 billion. A stronger-than-expected US jobs report also lifted the greenback.

- Date: 2017-08-04 · published 2017-08-04T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/69715-canada-fx-debt-c-hits-a-2-week-low-as-trade-deficit-widens-greenback-rallies
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A wider trade deficit and firmer US dollar weaken the loonie, which can make Canadian commodity exports cheaper in USD terms while raising the cost of US goods imported into Canada.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- finance.yahoo.com: https://finance.yahoo.com/news/canada-fx-debt-c-hits-133232477.html

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