# Commodity-linked Canadian dollar weakens  as global data spook investors - The Business Times

> The commodity-linked Canadian dollar fell 0.3% to 1.3193 per U.S. dollar after pulling back from a nine-month high. Weak flash PMI data from the eurozone, UK, Australia, Japan and the U.S. spooked investors. Oil settled 0.5% lower at $69.16 a barrel.

- Date: 2023-06-25 · published 2023-06-25T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/35741-commodity-linked-canadian-dollar-weakens-as-global-data-spook-investors-the
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Signs of global slowdown reduce oil and industrial demand and strengthen the dollar, which pressures commodity prices broadly. For feed buyers, weaker energy and stronger dollar conditions can ease some input costs.

## Read by commodity

- WTI: bearish ▼
- USDCAD: bullish ▲

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/commodity-linked-canadian-dollar-weakens-global-data-spook-investors

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