# Canadian dollar stumbles as US plans to slap tariffs on softwood lumber

> The US Commerce Department announced anti-subsidy tariffs averaging about 20 percent on Canadian softwood lumber, affecting roughly $5 billion of imports. The Canadian dollar fell to its lowest level since December. An ANZ strategist said further escalation over dairy could weaken the loonie more.

- Date: 2017-04-25 · published 2017-04-25T12:00:00.000Z
- Category: trade · region US-Canada · magnitude medium
- Page: https://feedsoft.ai/events/71743-canadian-dollar-stumbles-as-us-plans-to-slap-tariffs-on-softwood-lumber
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Tariffs on a major Canadian export raise trade tension between the two countries and push the Canadian dollar lower. Escalation into dairy could affect milk product trade and cross-border feed supply.

## Read by commodity

- MILK: bearish ▼
- USDCAD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2017-04-26 | [What’s weighing on the Canadian dollar: tariffs on softwood lumber and the Fed raising rates - Financial Post](https://feedsoft.ai/events/71742-what-s-weighing-on-the-canadian-dollar-tariffs-on-softwood-lumber-and-the-fed.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 | 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 | 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 | 2018-07-31 | [Tariffs taking toll on dairy markets \| Capital Press](https://feedsoft.ai/events/64030-tariffs-taking-toll-on-dairy-markets-capital-press.md) | +5.0% | +6.4% |

## Sources

- cnbc.com: https://www.cnbc.com/2017/04/24/canadian-dollar-stumbles-as-us-plans-to-slap-tariffs-on-softwood-lumber.html

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