# Canadian dollar posts a fourth-month high on GDP data, weaker greenback | Reuters

> The Canadian dollar rose to a four-month high after Canada reported stronger-than-expected GDP data and the US dollar weakened broadly. The article text is truncated and provides limited detail beyond the headline.

- Date: 2017-01-31 · published 2017-01-31T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/73199-canadian-dollar-posts-a-fourth-month-high-on-gdp-data-weaker-greenback-reuters
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker US dollar and firmer loonie tend to make US exports pricier for Canadian and other buyers, while a softer dollar generally supports dollar-denominated commodity prices.

## Read by commodity

- DXY: bearish ▼
- USDCAD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-08-26 | [Canadian Dollar gains ground on Greenback weakness](https://feedsoft.ai/events/23557-canadian-dollar-gains-ground-on-greenback-weakness.md) | +0.2% | -0.7% |
| DXY | 2025-06-26 | [Canadian Dollar gains ground on Thursday as Greenback weakens](https://feedsoft.ai/events/24457-canadian-dollar-gains-ground-on-thursday-as-greenback-weakens.md) | -0.9% | -0.6% |
| DXY | 2024-08-19 | [Sterling hits one-month high as Fed rate cut bets weigh on dollar \| Reuters](https://feedsoft.ai/events/29068-sterling-hits-one-month-high-as-fed-rate-cut-bets-weigh-on-dollar-reuters.md) | -0.8% | -0.7% |
| DXY | 2025-06-26 | [Canadian dollar notches biggest gain in one month as greenback slides](https://feedsoft.ai/events/24452-canadian-dollar-notches-biggest-gain-in-one-month-as-greenback-slides.md) | -0.9% | -0.6% |
| DXY | 2019-04-26 | [Canadian dollar rises as U.S. growth composition weighs on greenback - The Globe and Mail](https://feedsoft.ai/events/59816-canadian-dollar-rises-as-u-s-growth-composition-weighs-on-greenback-the-globe.md) | -0.2% | +0.4% |

## Sources

- reuters.com: https://www.reuters.com/article/canada-forex-idUSL1N1FL1XH/?feedName=usDollarRpt&feedType=RSS

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