# C$ posts weekly decline as investors eye higher U.S. rates | Financial Post

> The Canadian dollar posted a weekly decline of 0.9% as rising U.S. bond yields supported the greenback and Fed policymakers signaled further tightening. Oil rose 0.9% to $72.46 a barrel as U.S. officials appeared close to a debt ceiling deal.

- Date: 2023-05-26 · published 2023-05-26T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/36184-c-posts-weekly-decline-as-investors-eye-higher-u-s-rates-financial-post
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger U.S. dollar and higher U.S. yields pressure the loonie and commodity prices broadly. Oil gains are a modest support for energy-linked costs in feed and transport.

## Read by commodity

- DXY: bullish ▲
- WTI: bullish ▲
- USDCAD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-05-25 | [Canadian dollar hits 6-day low as investors await Fed minutes \| Financial Post](https://feedsoft.ai/events/41649-canadian-dollar-hits-6-day-low-as-investors-await-fed-minutes-financial-post.md) | +3.3% | -5.7% |
| WTI | 2022-08-10 | [C$ notches up 6-day high as U.S. inflation pressures ease \| Financial Post](https://feedsoft.ai/events/40282-c-notches-up-6-day-high-as-u-s-inflation-pressures-ease-financial-post.md) | -4.3% | -10.8% |
| WTI | 2026-03-27 | [Canadian dollar extends weekly decline as investors favor safe havens \| Reuters](https://feedsoft.ai/events/20391-canadian-dollar-extends-weekly-decline-as-investors-favor-safe-havens-reuters.md) | +17.8% | +1.5% |
| WTI | 2021-10-26 | [C$ dips as investors guard against 'dovish surprise' from BoC \| Financial Post](https://feedsoft.ai/events/44821-c-dips-as-investors-guard-against-dovish-surprise-from-boc-financial-post.md) | -0.3% | -9.0% |
| WTI | 2020-02-12 | [Canadian dollar climbs to one-week high as virus fears ebb \| Financial Post](https://feedsoft.ai/events/54807-canadian-dollar-climbs-to-one-week-high-as-virus-fears-ebb-financial-post.md) | +6.6% | -33.8% |
| DXY | 2022-11-03 | [Copper sags after Fed unnerves investors and dollar rallies \| Financial Post](https://feedsoft.ai/events/38597-copper-sags-after-fed-unnerves-investors-and-dollar-rallies-financial-post.md) | -1.0% | -4.2% |
| DXY | 2020-09-17 | [Dollar edges higher as Fed outlook lifts U.S. yields \| Financial Post](https://feedsoft.ai/events/7697-dollar-edges-higher-as-fed-outlook-lifts-u-s-yields-financial-post.md) | +1.6% | +0.6% |
| DXY | 2017-09-20 | [Fed signals interest rates will keep going higher as it exits financial crisis policy](https://feedsoft.ai/events/69149-fed-signals-interest-rates-will-keep-going-higher-as-it-exits-financial-crisis.md) | +1.1% | +1.9% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/c-posts-weekly-decline-as-investors-eye-higher-u-s-rates

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