# Canadian dollar posts biggest weekly gain since May as GDP surpasses forecasts | Reuters

> 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.

- Date: 2025-11-28 · published 2025-11-28T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/22177-canadian-dollar-posts-biggest-weekly-gain-since-may-as-gdp-surpasses-forecasts
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

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.

## Read by commodity

- WTI: bullish ▲
- USDCAD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-11-04 | [Canadian dollar posts biggest gain in 12 years as jobs surge](https://feedsoft.ai/events/38913-canadian-dollar-posts-biggest-gain-in-12-years-as-jobs-surge.md) | -1.9% | -9.4% |
| 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 | 2022-02-03 | [Canadian dollar forecasts turn more bullish as oil hits 7-year high: Reuters poll](https://feedsoft.ai/events/42925-canadian-dollar-forecasts-turn-more-bullish-as-oil-hits-7-year-high-reuters-poll.md) | +1.6% | +22.1% |
| WTI | 2025-05-01 | [Canadian dollar posts biggest gain in three months on tariff pause](https://feedsoft.ai/events/25354-canadian-dollar-posts-biggest-gain-in-three-months-on-tariff-pause.md) | -0.2% | +3.9% |
| WTI | 2022-06-03 | [Canadian dollar dips but posts 3rd weekly gain on soaring oil prices - The Globe and Mail](https://feedsoft.ai/events/41187-canadian-dollar-dips-but-posts-3rd-weekly-gain-on-soaring-oil-prices-the-globe.md) | +4.0% | -6.2% |

## Sources

- reuters.com: https://www.reuters.com/business/canadian-dollar-posts-biggest-weekly-gain-since-may-gdp-surpasses-forecasts-2025-11-28/

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