# What’s weighing on the Canadian dollar: tariffs on softwood lumber and the Fed raising rates - Financial Post

> Analysts expect the Canadian dollar to fall into the low 70s US cents because of new US tariffs on Canadian softwood lumber and expected Federal Reserve rate hikes. Trump also threatened Canadian dairy imports. The Financial Post cited Canada-US trade tensions as the main pressure on the loonie.

- Date: 2017-04-26 · published 2017-04-26T12:00:00.000Z
- Category: trade · region US-Canada · magnitude low
- Page: https://feedsoft.ai/events/71742-what-s-weighing-on-the-canadian-dollar-tariffs-on-softwood-lumber-and-the-fed
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Expected loonie weakness would lower the cost of Canadian exports to US buyers, while trade friction in dairy could affect milk product flows. The outlook is mainly a currency and trade-policy signal for feed markets.

## Read by commodity

- MILK: bearish ▼
- USDCAD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2017-04-25 | [Canadian dollar stumbles as US plans to slap tariffs on softwood lumber](https://feedsoft.ai/events/71743-canadian-dollar-stumbles-as-us-plans-to-slap-tariffs-on-softwood-lumber.md) | -0.1% | +2.6% |
| MILK | 2017-04-25 | [Canadian dollar falls in face of U.S. softwood lumber duties](https://feedsoft.ai/events/71744-canadian-dollar-falls-in-face-of-u-s-softwood-lumber-duties.md) | -0.1% | +2.6% |
| MILK | 2018-08-31 | [Canadian Dollar: NAFTA on Life-support after Trudeau says "We're Not Going to Do That" to the Dairy Sector and Trump Weighs In](https://feedsoft.ai/events/63769-canadian-dollar-nafta-on-life-support-after-trudeau-says-we-re-not-going-to-do.md) | -1.0% | -1.6% |
| MILK | 2017-04-25 | [Trump Admin Slaps Tariffs on Canada Lumber After Dairy Spat \| Fortune](https://feedsoft.ai/events/71748-trump-admin-slaps-tariffs-on-canada-lumber-after-dairy-spat-fortune.md) | -0.1% | +2.6% |
| MILK | 2025-03-05 | [What’s in the News: Dairy Markets Weaken Amid Tariffs, Falling Prices, and Lab-Grown Milk - Dairy Herd](https://feedsoft.ai/events/4703-what-s-in-the-news-dairy-markets-weaken-amid-tariffs-falling-prices-and-lab.md) | -8.6% | -7.8% |

## Sources

- financialpost.com: https://financialpost.com/news/whats-weighing-on-the-canadian-dollar-tariffs-on-softwood-lumber-and-the-fed-raising-rates/

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