# Canadian dollar posts one-week high as Trump downplays changes to trade ties - National | Globalnews.ca

> The Canadian dollar hit a one-week high against the US dollar after President Trump said the US would be tweaking, not overhauling, its trade relationship with Canada. US crude settled 93 cents lower at $52.93 a barrel that day.

- Date: 2017-02-13 · published 2017-02-13T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/72727-canadian-dollar-posts-one-week-high-as-trump-downplays-changes-to-trade-ties
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Lower trade-policy risk for Canada supports the loonie, which pushes USD/CAD lower. Traders are also watching the Fed chair's testimony on a possible March rate hike.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- globalnews.ca: https://globalnews.ca/news/3246736/canadian-dollar-posts-one-week-high-as-trump-downplays-changes-to-trade-ties/

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