# Canadian dollar beats G10 peers as oil hits $90 a barrel - The Globe and Mail

> The Canadian dollar strengthened 0.2% to 1.3514 per US dollar on Thursday, outperforming G10 peers as oil climbed to its highest level of the year, with US crude settling 1.9% higher at $90.16. Wholesale trade rose 0.2% in July, below estimates.

- Date: 2023-09-14 · published 2023-09-14T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/34339-canadian-dollar-beats-g10-peers-as-oil-hits-90-a-barrel-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

Oil at $90 reflects tighter expected supply, which supports energy-linked feed and fuel costs, while a firmer loonie tracks the oil rally.

## Read by commodity

- WTI: bullish ▲
- USDCAD: bearish ▼

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/investing/markets/inside-the-market/market-news/article-canadian-dollar-beats-g10-peers-as-oil-hits-90-a-barrel/

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