# Canadian dollar steadies ahead of large option expiries - The Globe and Mail

> The Canadian dollar was little changed near 1.37 per US dollar on June 20 as oil climbed to a seven-week high and traders positioned ahead of large option expiries. Crude oil futures rose 0.7% to about $82.15 a barrel. Canadian bond yields moved higher alongside US Treasuries.

- Date: 2024-06-20 · published 2024-06-20T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/30026-canadian-dollar-steadies-ahead-of-large-option-expiries-the-globe-and-mail
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Higher oil supports the loonie and raises energy input costs, which can lift feed transport and processing costs. The currency move itself is minor and routine.

## Read by commodity

- WTI: bullish ▲
- USDCAD: neutral

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/investing/markets/inside-the-market/market-news/article-canadian-dollar-steadies-ahead-of-large-option-expiries/

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