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The Canadian dollar weakened 0.4% to 1.4425 per US dollar on Thursday as oil prices fell and the latest escalation in the trade war weighed on sentiment. US crude futures dropped 1.6% to $66.55 a barrel.
Lower crude and trade-war risk reduce energy-linked demand and bolster the case for weaker Canadian export receipts, which can weigh on feed-related trade flows.
reuters.comFergal SmithMar 13, 2025Not enough comparable past events yet for a historical read.
After 565 past bearish macro events, WTI moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
