# Canadian Dollar Firms as USD/CAD Nears a One-and-a-Half-Month Low | EconoTimes

> USD/CAD neared a one-and-a-half-month low as the Canadian dollar firmed against the US dollar on lower Treasury yields and election-related uncertainty. Traders also cited hopes for Iran diplomacy and the Bank of Canada's recent rate increase.

- Date: 2026-11-04 · published 2026-11-05T12:08:26.655Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/81631-canadian-dollar-firms-as-usd-cad-nears-a-one-and-a-half-month-low-econotimes
- 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 firmer loonie and weaker US dollar shift the relative cost of Canadian and US-origin feed ingredients, with limited direct effect on grain or oilseed supply.

## Read by commodity

- DXY: bearish ▼
- USDCAD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2021-08-30 | [Canadian dollar notches two-week high as Fed taper fears ebb - The Globe and Mail](https://feedsoft.ai/events/45790-canadian-dollar-notches-two-week-high-as-fed-taper-fears-ebb-the-globe-and-mail.md) | -0.7% | +0.4% |
| DXY | 2022-05-27 | [South African rand firms as dollar sinks to a month low - Markets - Business Recorder](https://feedsoft.ai/events/41694-south-african-rand-firms-as-dollar-sinks-to-a-month-low-markets-business.md) | -0.5% | +1.2% |
| DXY | 2023-01-16 | [Dollar finds its footing near seven-month low, all eyes on yen \| Reuters](https://feedsoft.ai/events/37978-dollar-finds-its-footing-near-seven-month-low-all-eyes-on-yen-reuters.md) | -0.0% | +0.7% |
| DXY | 2020-11-26 | [Euro rises to near 3-month high as US dollar falls - The Business Times](https://feedsoft.ai/events/50370-euro-rises-to-near-3-month-high-as-us-dollar-falls-the-business-times.md) | -1.2% | -1.5% |

## Sources

- econotimes.com: https://econotimes.com/Canadian-Dollar-Firms-as-USD-CAD-Nears-a-One-and-a-Half-Month-Low-1770749

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