# Canadian dollar rebounds from two-week low as oil prices rise, BoC decision looms By Investing.com

> The Canadian dollar rebounded on Monday from a two-week low against the US dollar. Brent crude rose above $90 a barrel on renewed US-Iran tensions around the Strait of Hormuz, and month-end hedging also supported the loonie. Gains were capped by rising bets on a September Fed rate hike.

- Date: 2026-08-31 · published 2026-08-31T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/18122-canadian-dollar-rebounds-from-two-week-low-as-oil-prices-rise-boc-decision
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Higher oil prices support the loonie, which slightly lowers Canadian import costs for dollar-priced feed. The move is routine currency commentary with no major new trade or supply shock.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- investing.com: https://www.investing.com/news/forex-news/canadian-dollar-rebounds-from-twoweek-low-as-oil-prices-rise-boc-decision-looms-4883302

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