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Sergey Savastiouk's Avatar
published in Blogs
Sep 05, 2018
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Canadian Dollar Declines Against the US Dollar on NAFTA Concerns

The Canadian dollar declined to an almost seven-week low against the U.S. dollar, as uncertainties over the NAFTA deepened.

In a tweet posted on Saturday, U.S. President Donald Trump said there is "no political necessity to keep Canada in the new NAFTA deal," and that Congress "should not interfere" with the negotiations. Last week, the U.S. and Mexico went ahead with a deal without Canada.

There was apparently some expectation last week that Canada would be joining the new deal, but Trump’s latest tweet might have dampened that outlook. With around 75 percent of its exports sent to the United States, Canada’s economy could potentially feel a substantial headwind if a deal is not reached. The U.S. dollar rose to 1.3192 against the Canadian dollar on Tuesday - its highest level since July 20. The greenback later eased to 1.3181.

 

Related Ticker: CADUSD

Market Cap

The average market capitalization across the group is 0. The market cap for tickers in the group ranges from 0 to 0. CADUSD holds the highest valuation in this group at 0. The lowest valued company is CADUSD at 0.

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The average weekly price growth across all stocks in the group was 0%. For the same group, the average monthly price growth was 0%, and the average quarterly price growth was 5%. CADUSD experienced the highest price growth at 0%, while CADUSD experienced the biggest fall at 0%.

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The average weekly volume growth across all stocks in the group was 0%. For the same stocks of the group, the average monthly volume growth was 0% and the average quarterly volume growth was 0%

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