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The Canadian dollar fell to a 12-day low against the US dollar after oil prices dropped and the cancellation of the October US jobs report reduced expectations for a Federal Reserve rate cut. The loonie's decline was its steepest since July.
Lower oil and reduced Fed-cut odds push the US dollar-linked currency pair higher, which raises the Canadian-dollar cost of USD-priced feed imports.
reuters.comFergal SmithNov 19, 2025Not enough comparable past events yet for a historical read.
After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% 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.
