# Canadian dollar steadies near four-week high as investors await clues on BoC’s policy outlook - The Globe and Mail

> The Canadian dollar held near a four-week high on March 29 as fears eased over the global banking crisis and oil prices rose. Traders awaited clues on the Bank of Canada's policy outlook and speculators held heavy bearish loonie bets.

- Date: 2023-03-29 · published 2023-03-29T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/37097-canadian-dollar-steadies-near-four-week-high-as-investors-await-clues-on-boc-s
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Improved risk appetite and firmer oil prices support the loonie, and extreme bearish positioning raises the chance of short covering that would push USD/CAD lower.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/investing/markets/inside-the-market/market-news/article-canadian-dollar-steadies-near-four-week-high-as-investors-await-clues/

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