# Canadian dollar flags further as talk of Trump's tax cuts shifts investor attention to greenback | Financial Post

> The Canadian dollar weakened against the U.S. dollar as oil prices fell ahead of a surprise rise in U.S. fuel stocks. Investors also shifted attention to the greenback ahead of Trump's promised tax cut announcement. Canadian February retail sales fell 0.6 percent, more than forecast.

- Date: 2017-04-26 · published 2017-04-26T12:00:00.000Z
- Category: macro · region US-Canada · magnitude low
- Page: https://feedsoft.ai/events/71741-canadian-dollar-flags-further-as-talk-of-trump-s-tax-cuts-shifts-investor
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A weaker loonie makes Canadian-origin feed inputs cheaper for US buyers and reflects softer crude prices that weigh on energy-linked feed costs. The move is mostly currency-driven, with limited direct effect on grain prices.

## Read by commodity

- WTI: bearish ▼
- USDCAD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2021-07-27 | [Canadian dollar falls as China stock sell-off spooks investors \| Financial Post](https://feedsoft.ai/events/46272-canadian-dollar-falls-as-china-stock-sell-off-spooks-investors-financial-post.md) | -1.1% | -8.9% |
| WTI | 2020-06-11 | [Canadian dollar slides as investor risk appetite wanes \| Financial Post](https://feedsoft.ai/events/52864-canadian-dollar-slides-as-investor-risk-appetite-wanes-financial-post.md) | -4.1% | +0.2% |
| WTI | 2021-10-21 | [Canadian dollar falls by most in three weeks as oil stumbles \| Financial Post](https://feedsoft.ai/events/44823-canadian-dollar-falls-by-most-in-three-weeks-as-oil-stumbles-financial-post.md) | -1.9% | -7.0% |
| WTI | 2019-05-01 | [Canadian dollar weakens as Fed inflation view boosts greenback - The Globe and Mail](https://feedsoft.ai/events/59324-canadian-dollar-weakens-as-fed-inflation-view-boosts-greenback-the-globe-and.md) | -3.8% | -7.6% |
| WTI | 2020-04-03 | [Canadian dollar forecasts slashed, bracing for recession \| Financial Post](https://feedsoft.ai/events/53865-canadian-dollar-forecasts-slashed-bracing-for-recession-financial-post.md) | -9.4% | -19.0% |

## Sources

- financialpost.com: https://financialpost.com/news/economy/canadian-dollar-flags-further-as-talk-of-trumps-tax-cuts-shifts-investor-attention-to-greenback

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