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Canada's economy grew at an annualized 2.6% pace in the third quarter, well above the 0.5% economists expected, driven by crude oil exports and government spending. The loonie traded near 1.398 per US dollar and posted its biggest weekly gain since May.
Stronger Canadian growth and firmer oil support the loonie, which lowers the cost of USD-priced Canadian imports and feed inputs for Canadian buyers. Expectations of a Bank of Canada easing cycle are also trimmed.
reuters.comFergal SmithNov 28, 2025Not enough comparable past events yet for a historical read.
After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
