# Canadian dollar rises to five-month high despite downbeat factory sales

> The Canadian dollar rose to a near five-month high against the US dollar as commodity prices firmed, offsetting preliminary Canadian data showing a steep drop in factory sales last month. Oil edged higher for a sixth straight day on concerns about supply disruptions from Venezuela and Russia.

- Date: 2026-01-01 · published 2026-01-01T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/21729-canadian-dollar-rises-to-five-month-high-despite-downbeat-factory-sales
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A firmer loonie tied to oil strength makes Canadian-priced inputs and imports cheaper for feed buyers, while oil-driven currency moves have limited direct impact on grain and oilseed prices.

## Read by commodity

- WTI: bullish ▲
- USDCAD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2024-08-26 | [Canadian dollar strengthens to 5-month high as oil rallies](https://feedsoft.ai/events/29033-canadian-dollar-strengthens-to-5-month-high-as-oil-rallies.md) | -1.7% | -5.9% |
| WTI | 2022-01-11 | [Canadian dollar climbs to 2-month high as oil prices jump](https://feedsoft.ai/events/43396-canadian-dollar-climbs-to-2-month-high-as-oil-prices-jump.md) | +9.3% | +14.3% |
| WTI | 2023-06-01 | [Rising risk appetite lifts Canadian dollar to two-week high](https://feedsoft.ai/events/35740-rising-risk-appetite-lifts-canadian-dollar-to-two-week-high.md) | +6.5% | +2.6% |
| WTI | 2022-08-11 | [Canadian dollar rises to two-month high on growing signs of easing U.S. inflation  - The Globe and Mail](https://feedsoft.ai/events/40280-canadian-dollar-rises-to-two-month-high-on-growing-signs-of-easing-u-s.md) | -4.1% | -10.5% |
| WTI | 2019-06-26 | [Canadian Dollar to Rise Further, RBC Financial Model Shows](https://feedsoft.ai/events/58834-canadian-dollar-to-rise-further-rbc-financial-model-shows.md) | -2.8% | -3.1% |

## Sources

- reuters.com: https://www.reuters.com/business/canadian-dollar-rises-five-month-high-despite-downbeat-factory-sales-2025-12-24/

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