# Canadian dollar hits six-week low as USMCA headline risk grows | Reuters

> The Canadian dollar weakened to a six-week low on Wednesday as oil prices fell and investors focused on the USMCA review of the continental trade pact. The loonie traded around 1.3830 per US dollar.

- Date: 2026-05-27 · published 2026-05-27T12:00:00.000Z
- Category: trade · region Canada · magnitude low
- Page: https://feedsoft.ai/events/19483-canadian-dollar-hits-six-week-low-as-usmca-headline-risk-grows-reuters
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

USMCA headline risk and lower oil prices pressure the loonie, which can affect Canadian canola and feed grain export competitiveness.

## Read by commodity

- WTI: bearish ▼
- USDCAD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2018-04-02 | [Canadian dollar dips as stocks and oil tumble on rising trade tensions - The Globe and Mail](https://feedsoft.ai/events/65746-canadian-dollar-dips-as-stocks-and-oil-tumble-on-rising-trade-tensions-the.md) | -4.4% | +5.0% |
| WTI | 2025-04-06 | [Oil prices slide 2% to near 4-year low as US trade conflict fuels recession fears \| Reuters](https://feedsoft.ai/events/6318-oil-prices-slide-2-to-near-4-year-low-as-us-trade-conflict-fuels-recession.md) | -0.8% | -6.8% |
| WTI | 2025-04-08 | [Oil settles down $1 at four-year low as US-China trade war escalates](https://feedsoft.ai/events/25281-oil-settles-down-1-at-four-year-low-as-us-china-trade-war-escalates.md) | +1.5% | -1.6% |
| WTI | 2019-05-23 | [Oil Falls Below $60 on Rising U.S. Inventories and Trade Tension - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/6608-oil-falls-below-60-on-rising-u-s-inventories-and-trade-tension-energy-news-top.md) | -4.2% | -12.5% |
| WTI | 2018-05-31 | [U.S. hits E.U., Canada and Mexico with steel, aluminum tariffs, sparking trade war](https://feedsoft.ai/events/65226-u-s-hits-e-u-canada-and-mexico-with-steel-aluminum-tariffs-sparking-trade-war.md) | -5.1% | +11.1% |

## Sources

- reuters.com: https://www.reuters.com/business/canadian-dollar-hits-six-week-low-usmca-headline-risk-grows-2026-05-27/

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