# C$ strengthens in thin trading, logs overall 2016 gain

> The Canadian dollar strengthened against a weaker US dollar in thin pre-holiday trading on Friday. It finished 2016 with an overall gain. The Canada-US two-year bond spread was about -45 basis points.

- Date: 2016-12-30 · published 2016-12-30T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/73700-c-strengthens-in-thin-trading-logs-overall-2016-gain
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Loonie strength raises the US-dollar cost of Canadian exports, while the widening rate gap signals continued currency pressure in 2017.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/article/canada-forex-idUSL1N1EP160/?feedName=usDollarRpt&feedType=RSS

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