# Canadian dollar falls in face of U.S. softwood lumber duties

> The US imposed countervailing duties of up to 24 percent on Canadian softwood lumber exports. The Canadian dollar briefly hit a 14-month low before closing at 73.72 US cents. Trump's comments on Canadian dairy and lumber also weighed on the currency.

- Date: 2017-04-25 · published 2017-04-25T12:00:00.000Z
- Category: trade · region US-Canada · magnitude medium
- Page: https://feedsoft.ai/events/71744-canadian-dollar-falls-in-face-of-u-s-softwood-lumber-duties
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Duties of this size raise the cost of Canadian lumber in the US market and deepen the trade dispute that spills into dairy. The currency reaction points to wider economic pressure on Canada rather than a direct grain or feed supply change.

## 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 | 2017-04-26 | [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 | 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 | 2026-06-02 | [Fall in dairy auction prices mars start of season \| RNZ](https://feedsoft.ai/events/7959-fall-in-dairy-auction-prices-mars-start-of-season-rnz.md) | -4.7% | -5.4% |

## Sources

- cbc.ca: https://www.cbc.ca/news/business/canadian-dollar-softwood-lumber-1.4084288

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