# Canadian dollar rises ahead of GDP data as oil prices climb | Reuters

> The Canadian dollar rose ahead of GDP data as oil climbed 2.3% to $57.82 a barrel after the US Coast Guard began pursuing an oil tanker near Venezuela and Ukraine damaged two vessels and piers in Russia. The loonie traded near 1.3740 per US dollar.

- Date: 2025-12-22 · published 2025-12-22T12:00:00.000Z
- Category: geopolitics · region Global · magnitude low
- Page: https://feedsoft.ai/events/21735-canadian-dollar-rises-ahead-of-gdp-data-as-oil-prices-climb-reuters
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Tanker seizures and attacks on Russian port infrastructure raise oil supply risk, supporting energy prices that feed into feed logistics and processing costs.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2023-12-18 | [Canadian dollar retreats from four-month high ahead of CPI data](https://feedsoft.ai/events/32945-canadian-dollar-retreats-from-four-month-high-ahead-of-cpi-data.md) | +3.1% | +2.2% |
| WTI | 2017-07-31 | [Oil prices rebound ahead of the session's close](https://feedsoft.ai/events/70133-oil-prices-rebound-ahead-of-the-session-s-close.md) | -0.3% | -4.0% |
| WTI | 2022-03-21 | [Oil prices jump again as EU considers Russian oil ban \| Reuters](https://feedsoft.ai/events/8483-oil-prices-jump-again-as-eu-considers-russian-oil-ban-reuters.md) | +10.3% | +3.4% |
| WTI | 2025-06-17 | [Oil prices rise more than 4% as Iran-Israel conflict escalates \| Reuters](https://feedsoft.ai/events/10994-oil-prices-rise-more-than-4-as-iran-israel-conflict-escalates-reuters.md) | -9.9% | -6.8% |
| WTI | 2025-12-19 | [Oil prices climb as US blocks Venezuelan tankers, eyes on Russia-Ukraine talks \| Reuters](https://feedsoft.ai/events/21665-oil-prices-climb-as-us-blocks-venezuelan-tankers-eyes-on-russia-ukraine-talks.md) | +0.8% | +7.3% |
| BRENT | 2017-07-31 | [Oil prices rebound ahead of the session's close](https://feedsoft.ai/events/70133-oil-prices-rebound-ahead-of-the-session-s-close.md) | +0.4% | -0.2% |
| BRENT | 2022-03-21 | [Oil prices jump again as EU considers Russian oil ban \| Reuters](https://feedsoft.ai/events/8483-oil-prices-jump-again-as-eu-considers-russian-oil-ban-reuters.md) | +9.5% | +0.8% |
| BRENT | 2025-06-17 | [Oil prices rise more than 4% as Iran-Israel conflict escalates \| Reuters](https://feedsoft.ai/events/10994-oil-prices-rise-more-than-4-as-iran-israel-conflict-escalates-reuters.md) | -1.7% | -5.5% |

## Sources

- reuters.com: https://www.reuters.com/business/canadian-dollar-rises-ahead-gdp-data-oil-prices-climb-2025-12-22/

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