# Canada’s Loonie Takes Flight  - WSJ

> The Canadian dollar is up about 10 percent against the U.S. dollar since early May. The gain was driven by a run of strong economic indicators and the Bank of Canada's first policy rate increase in seven years.

- Date: 2017-07-29 · published 2017-07-29T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/70218-canada-s-loonie-takes-flight-wsj
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Sustained currency strength tightens the margin for Canadian exporters, which can indirectly pressure prices for Canadian-origin grains and oilseeds.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- wsj.com: https://www.wsj.com/articles/canadas-loonie-takes-flight-1501326002

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