# Tumbling loonie one more reason to stay home and celebrate Canada 150: Don Pittis | CBC News

> CBC reports the Canadian dollar traded below 73 US cents, down from about 77 cents in February. Falling oil, housing bubble fears and Trump trade threats are cited, and currency markets are heavily positioned short.

- Date: 2017-05-04 · published 2017-05-04T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/71242-tumbling-loonie-one-more-reason-to-stay-home-and-celebrate-canada-150-don
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

A weaker loonie makes Canadian exports more competitive, which can pressure prices for Canadian-origin feed ingredients such as canola meal in US dollar terms.

## Read by commodity

- USDCAD: bullish ▲
- CANMEAL: bearish ▼

## Sources

- cbc.ca: https://www.cbc.ca/news/business/loonie-canadian-dollar-trump-bubble-1.4097127

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