# Canadian dollar outperforms G10 peers as trade war fears ease | Reuters

> The Canadian dollar was the top-performing G10 currency as investors weighed de-escalation of US-China trade tensions after Treasury Secretary Bessent called the standoff unsustainable. Oil settled up nearly 2% at $64.31 a barrel.

- Date: 2025-04-22 · published 2025-04-22T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/25359-canadian-dollar-outperforms-g10-peers-as-trade-war-fears-ease-reuters
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Expectations of US-China de-escalation support export demand for US and Canadian agricultural goods and firm energy prices that feed into input and freight costs.

## Read by commodity

- WTI: bullish ▲
- USDCAD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2021-11-10 | [Canadian dollar outperforms G10 peers as oil clings to recent gains \| Financial Post](https://feedsoft.ai/events/44267-canadian-dollar-outperforms-g10-peers-as-oil-clings-to-recent-gains-financial.md) | -4.0% | -13.9% |
| WTI | 2022-05-05 | [Canadian dollar seen rebounding as high oil price feeds trade surplus \| Reuters](https://feedsoft.ai/events/41653-canadian-dollar-seen-rebounding-as-high-oil-price-feeds-trade-surplus-reuters.md) | -2.1% | +8.4% |
| WTI | 2016-12-12 | [Canadian dollar posts fresh seven-week high as oil climbs \| Reuters](https://feedsoft.ai/events/73701-canadian-dollar-posts-fresh-seven-week-high-as-oil-climbs-reuters.md) | +0.8% | -1.3% |
| WTI | 2022-02-03 | [Canadian dollar forecasts turn more bullish as oil hits 7-year high: Reuters poll](https://feedsoft.ai/events/42925-canadian-dollar-forecasts-turn-more-bullish-as-oil-hits-7-year-high-reuters-poll.md) | +1.6% | +22.1% |
| WTI | 2026-07-31 | [Canadian Dollar retreats as USD recovers on Fed, Middle East risks](https://feedsoft.ai/events/18587-canadian-dollar-retreats-as-usd-recovers-on-fed-middle-east-risks.md) | -9.5% | +1.7% |

## Sources

- reuters.com: https://www.reuters.com/markets/us/canadian-dollar-outperforms-g10-peers-trade-war-fears-ease-2025-04-22/

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