
The loonie began a noticeable decline in the second week of March, shortly after the Russia-Saudi oil price war broke out. It closed just below 0.69 US on March 18 and ended the week just below 0.70, down more than 7 cents from the start of the year.
The currency has been highly sensitive to oil prices.
The loonie's sensitivity to crude means that oil-driven moves in the currency feed directly into Canadian input costs and export competitiveness. The volatility is expected to persist as the economy adjusts.
Todavía no hay suficientes eventos comparables pasados para una lectura histórica.
Tras 565 eventos bajista de macro pasados, Petróleo crudo (WTI) se movió una mediana de -1,4 % en 5 sesiones (41% al alza; mitad central entre -5,9 % y +3,0 %), y -0,5 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.