# Loonie strengthens as Canadians head to the polls

> The Canadian dollar edged higher against the US dollar as Canadians voted in a general election dominated by concerns over US trade tariffs. Oil settled 1.5% lower at $62.05 a barrel as the trade war stoked demand fears.

- Date: 2025-04-28 · published 2025-04-28T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/25355-loonie-strengthens-as-canadians-head-to-the-polls
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Trade-war demand concerns weighing on crude feed into energy and diesel costs for feed transport, while the loonie's moves affect the cost of Canadian canola meal to global buyers.

## Read by commodity

- WTI: bearish ▼
- USDCAD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2020-12-01 | [Canadian dollar strengthens as economy grows at a record pace - The Globe and Mail](https://feedsoft.ai/events/49874-canadian-dollar-strengthens-as-economy-grows-at-a-record-pace-the-globe-and-mail.md) | +1.1% | +5.9% |
| WTI | 2024-10-30 | [The loonie is trading at lows not seen in years. Here's what it means for Canadians](https://feedsoft.ai/events/28115-the-loonie-is-trading-at-lows-not-seen-in-years-here-s-what-it-means-for.md) | +7.1% | +2.3% |
| WTI | 2021-02-28 | [Metals smashed as dollar strengthens](https://feedsoft.ai/events/48548-metals-smashed-as-dollar-strengthens.md) | +7.4% | -1.0% |
| WTI | 2024-07-26 | [Canadian dollar posts longest losing streak in six years as oil falls - The Globe and Mail](https://feedsoft.ai/events/29504-canadian-dollar-posts-longest-losing-streak-in-six-years-as-oil-falls-the-globe.md) | -2.3% | -7.0% |
| WTI | 2024-09-30 | [Canadian Dollar Hits Six-Day Low While US Dollar Gains Strength - Finimize](https://feedsoft.ai/events/28561-canadian-dollar-hits-six-day-low-while-us-dollar-gains-strength-finimize.md) | +9.1% | +5.0% |

## Sources

- reuters.com: https://www.reuters.com/en/canadian-dollar-steadies-voters-head-polls-2025-04-28/

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