# Canadian dollar’s rapid gain spells trouble for exporters - The Globe and Mail

> The Canadian dollar has risen about 10 percent against the U.S. dollar since May, threatening export markets for Western Canadian growers. Grain Growers of Canada's president said exporters, including wheat, barley and canola producers, will feel the hit.

- Date: 2017-07-30 · published 2017-07-30T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/70219-canadian-dollar-s-rapid-gain-spells-trouble-for-exporters-the-globe-and-mail
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

A stronger loonie reduces the competitiveness of Canadian wheat, barley and canola in export markets, which can cap bids for these grains.

## Read by commodity

- USDCAD: bearish ▼
- CANMEAL: bearish ▼

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/report-on-business/canadian-dollar-loonie-rally-spells-trouble-for-exporters/article35839921/

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