# Canadian dollar falls the most in four months after key US data cancelled | Reuters

> 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.

- Date: 2025-11-19 · published 2025-11-19T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/22180-canadian-dollar-falls-the-most-in-four-months-after-key-us-data-cancelled
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

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.

## Read by commodity

- WTI: bearish ▼
- USDCAD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2024-01-02 | [Canadian dollar falls the most in 3 months, weighed by soft factory data - The Globe and Mail](https://feedsoft.ai/events/32340-canadian-dollar-falls-the-most-in-3-months-weighed-by-soft-factory-data-the.md) | -1.2% | +8.8% |
| WTI | 2022-04-22 | [Canadian dollar falls by most since December despite hawkish BoC \| Reuters](https://feedsoft.ai/events/42106-canadian-dollar-falls-by-most-since-december-despite-hawkish-boc-reuters.md) | +1.5% | +8.0% |
| WTI | 2021-12-15 | [Canadian dollar at nearly 3-month low as oil prices fall \| Reuters](https://feedsoft.ai/events/43853-canadian-dollar-at-nearly-3-month-low-as-oil-prices-fall-reuters.md) | +0.7% | +16.9% |
| WTI | 2021-04-21 | [Canadian dollar sees biggest drop in nearly 2 months as oil falls](https://feedsoft.ai/events/47853-canadian-dollar-sees-biggest-drop-in-nearly-2-months-as-oil-falls.md) | +0.7% | +4.7% |
| WTI | 2021-10-21 | [Canadian dollar falls by most in three weeks as oil stumbles \| Financial Post](https://feedsoft.ai/events/44823-canadian-dollar-falls-by-most-in-three-weeks-as-oil-stumbles-financial-post.md) | -1.9% | -7.0% |

## Sources

- reuters.com: https://www.reuters.com/business/canadian-dollar-falls-most-four-months-after-key-us-data-cancelled-2025-11-19/

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