# Canadian dollar sticks to narrow range ahead of GDP data | Kitco News

> The Canadian dollar traded in a narrow range near 1.3470 per U.S. dollar ahead of Canadian GDP data. Oil fell 2.9% to $67.67 a barrel on expectations that Saudi Arabia would raise output.

- Date: 2024-09-26 · published 2024-09-26T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/28562-canadian-dollar-sticks-to-narrow-range-ahead-of-gdp-data-kitco-news
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Lower crude prices weigh on the loonie, but the move was limited and mainly reflects oil-market sentiment. Direct impact on feed commodities is small.

## Read by commodity

- WTI: bearish ▼
- USDCAD: neutral

## Sources

- kitco.com: https://www.kitco.com/news/off-the-wire/2024-09-26/canadian-dollar-sticks-narrow-range-ahead-gdp-data

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