# Rising loonie: Who wins and who loses? | CBC News

> The Canadian dollar touched 80 U.S. cents for the first time since June 2015 after strong domestic economic data and a Bank of Canada rate increase. The currency has gained about 10 percent over six weeks, benefiting consumers and hurting exporters.

- Date: 2017-07-25 · published 2017-07-25T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/70221-rising-loonie-who-wins-and-who-loses-cbc-news
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A rising loonie makes Canadian exports pricier abroad, which can reduce foreign demand for Canadian grains and oilseeds at the margin.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- cbc.ca: https://www.cbc.ca/news/business/loonie-dollar-winners-loser-1.4219403

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