# Canadian dollar hits nearly four-month low as war raises growth concerns | MarketScreener Canada

> The Canadian dollar fell to nearly a four-month low on March 30 as the Middle East conflict continued and Trump warned Iran's energy plants would be destroyed if the Strait of Hormuz was not reopened. Brent crude traded 3.9% higher at $103.49 a barrel.

- Date: 2026-03-30 · published 2026-03-30T12:00:00.000Z
- Category: geopolitics · region Canada · magnitude low
- Page: https://feedsoft.ai/events/20392-canadian-dollar-hits-nearly-four-month-low-as-war-raises-growth-concerns
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Concerns that the energy shock will slow growth weigh on the loonie, and a weaker CAD makes Canadian canola meal more competitive, while high crude supports vegetable oil and biofuel demand.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2022-02-24 | [Canadian dollar hits two-month low as Russia invades Ukraine - The Globe and Mail](https://feedsoft.ai/events/42918-canadian-dollar-hits-two-month-low-as-russia-invades-ukraine-the-globe-and-mail.md) | +18.2% | +27.0% |
| BRENT | 2026-01-14 | [WTI Nears Three-Month High As Iranian Protests Stoke Global Oil Market Concerns](https://feedsoft.ai/events/11395-wti-nears-three-month-high-as-iranian-protests-stoke-global-oil-market-concerns.md) | -0.3% | +5.1% |
| BRENT | 2026-04-13 | [Gold drops as Hormuz blockade lifts dollar, dents Fed rate cut bets \| MarketScreener](https://feedsoft.ai/events/19648-gold-drops-as-hormuz-blockade-lifts-dollar-dents-fed-rate-cut-bets.md) | -11.3% | -3.8% |
| BRENT | 2026-03-04 | [Dollar firms, euro stumbles as energy prices surge \| MarketScreener](https://feedsoft.ai/events/11005-dollar-firms-euro-stumbles-as-energy-prices-surge-marketscreener.md) | +7.9% | +48.7% |
| BRENT | 2026-04-29 | [Canadian Dollar consolidates vs USD as BoC, FOMC decisions loom](https://feedsoft.ai/events/19939-canadian-dollar-consolidates-vs-usd-as-boc-fomc-decisions-loom.md) | -1.9% | -16.4% |

## Sources

- ca.marketscreener.com: https://ca.marketscreener.com/news/canadian-dollar-hits-nearly-four-month-low-as-war-raises-growth-concerns-ce7e51d9dc8eff20

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