# Canadian Dollar drives lower as Loonie races Greenback to the bottom

> The Canadian dollar fell against the US dollar on Monday, extending losses to about 0.75% over four sessions. Weak crude oil prices near four-month lows and a mixed Raw Material Price Index for August weighed on the loonie. Traders awaited major US data releases that week.

- Date: 2025-10-01 · published 2025-10-01T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/23124-canadian-dollar-drives-lower-as-loonie-races-greenback-to-the-bottom
- 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 prices weaken the commodity-linked loonie, which can make Canadian exports cheaper abroad. The move is a routine currency wrap with no major new supply or demand driver for feed.

## Read by commodity

- WTI: bearish ▼
- USDCAD: bullish ▲

## Sources

- fxstreet.com: https://www.fxstreet.com/news/canadian-dollar-drives-lower-as-loonie-races-greenback-to-the-bottom-202509222041

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