# Canadian dollar extends weekly decline as investors favor safe havens | Reuters

> The Canadian dollar weakened to a two-month low against the US dollar on March 27 and was on track for a third weekly decline. Investors favored the greenback as Middle East war fears persisted, while US crude futures rose 4% to $98.29.

- Date: 2026-03-27 · published 2026-03-27T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/20391-canadian-dollar-extends-weekly-decline-as-investors-favor-safe-havens-reuters
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Safe-haven USD strength weakens the loonie, which tends to make Canadian canola meal cheaper for export buyers, while the crude move reflects the energy shock feeding through commodity markets.

## Read by commodity

- WTI: bullish ▲
- USDCAD: bullish ▲
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2016-12-12 | [Canadian dollar posts fresh seven-week high as oil climbs \| Reuters](https://feedsoft.ai/events/73701-canadian-dollar-posts-fresh-seven-week-high-as-oil-climbs-reuters.md) | +0.8% | -1.3% |
| WTI | 2023-05-26 | [C$ posts weekly decline as investors eye higher U.S. rates \| Financial Post](https://feedsoft.ai/events/36184-c-posts-weekly-decline-as-investors-eye-higher-u-s-rates-financial-post.md) | +0.0% | -3.6% |
| WTI | 2025-11-28 | [Canadian dollar posts biggest weekly gain since May as GDP surpasses forecasts \| Reuters](https://feedsoft.ai/events/22177-canadian-dollar-posts-biggest-weekly-gain-since-may-as-gdp-surpasses-forecasts.md) | +1.7% | -3.6% |
| WTI | 2021-05-28 | [Canadian dollar falls as investors weigh US inflation surge - Markets - Business Recorder](https://feedsoft.ai/events/47328-canadian-dollar-falls-as-investors-weigh-us-inflation-surge-markets-business.md) | +4.1% | +10.9% |
| WTI | 2022-02-11 | [Canadian dollar adds to weekly gain as oil prices climb](https://feedsoft.ai/events/42920-canadian-dollar-adds-to-weekly-gain-as-oil-prices-climb.md) | +2.1% | +21.7% |

## Sources

- reuters.com: https://www.reuters.com/business/canadian-dollar-extends-weekly-decline-investors-favor-safe-havens-2026-03-27/

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