Canadian dollar posts longest losing streak in six years as oil falls

Not enough comparable past events yet for a historical read.

After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.

• Oct 31, 2022Canadian dollar slips to six-day low as oil prices fall - The Globe and Mail+5.4%
• Jan 29, 2020Canadian dollar nears seven-week low as oil prices fall - The Globe and Mail-7.1%
• Dec 20, 2018The Canadian dollar and the price at the gas pump: Why you can’t win for losing - The Globe and Mail-6.7%
• Jun 16, 2022Canadian dollar falls as global central bank tightening spooks investors - The Globe and Mail-8.7%
• Dec 21, 2020Canadian dollar falls by most since October as new virus strain clouds outlook - The Globe and Mail-3.1%