# Canadian dollar hits one-week low even as trade surplus widens - Markets - Business Recorder

> The Canadian dollar weakened against the U.S. dollar and other G10 currencies on December 6 as oil prices fell, even though Canada's October trade surplus widened to C$1.2 billion. U.S. crude was down 0.7% at $76.36 a barrel amid economic uncertainty and the Russian oil price cap.

- Date: 2022-12-06 · published 2022-12-06T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/38462-canadian-dollar-hits-one-week-low-even-as-trade-surplus-widens-markets-business
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Lower oil and currency moves add small pressure to Canadian export values, but the story describes routine price action rather than a new supply or demand shock.

## Read by commodity

- WTI: bearish ▼
- USDCAD: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40212894

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