# Canadian dollar posts biggest gain in three months on tariff pause

> The Canadian dollar strengthened by its largest amount in nearly three months after Trump announced a temporary reduction of new tariffs on many countries while raising them on China. Oil settled 4.65% higher at $62.35 a barrel as Wall Street rebounded.

- Date: 2025-05-01 · published 2025-05-01T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/25354-canadian-dollar-posts-biggest-gain-in-three-months-on-tariff-pause
- 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 tariff risk improves the global growth outlook and lifts commodity-linked currencies, which can ease the cost of Canadian-origin feed inputs like canola meal and make US exports relatively cheaper to Canadian buyers; the broader tariff pause also supports risk appetite in energy and grains.

## 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 | 2025-11-28 | [Canadian dollar posts biggest weekly gain since May as GDP surpasses forecasts \| Reuters](https://feedsoft.ai/events/22177-canadian-dollar-posts-biggest-weekly-gain-since-may-as-gdp-surpasses-forecasts.md) | +1.7% | -3.6% |
| 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% |
| WTI | 2021-10-29 | [C$ falls on GDP miss; posts biggest monthly gain in nearly a year \| Financial Post](https://feedsoft.ai/events/44811-c-falls-on-gdp-miss-posts-biggest-monthly-gain-in-nearly-a-year-financial-post.md) | -4.8% | -9.7% |
| WTI | 2023-09-18 | [Canadian dollar hits 1-month high ahead of inflation data](https://feedsoft.ai/events/34337-canadian-dollar-hits-1-month-high-ahead-of-inflation-data.md) | -0.9% | -3.5% |

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/investing/markets/inside-the-market/market-news/article-canadian-dollar-strengthens-as-investors-ditch-us-currency/

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