# C$ hits one-week low as China protests rattle investors - Markets - Business Recorder

> The Canadian dollar hit a one-week low against the US dollar on Monday as anti-lockdown protests in China weighed on sentiment. Canada posted a third-quarter current account deficit of C$11.1 billion. US crude fell 2.6% to $74.31 a barrel as China growth worries hit stocks and oil.

- Date: 2022-11-28 · published 2022-11-28T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/38912-c-hits-one-week-low-as-china-protests-rattle-investors-markets-business-recorder
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Concern over China's growth outlook lowers expected demand for oil and commodities, which pressures energy costs and softens sentiment for feed commodities. The move reflects broader market risk aversion.

## Read by commodity

- WTI: bearish ▼
- USDCAD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-11-24 | [Canadian dollar steadies as investors cheer Fed’s dovish signal - Markets - Business Recorder](https://feedsoft.ai/events/38909-canadian-dollar-steadies-as-investors-cheer-fed-s-dovish-signal-markets.md) | +4.1% | -0.4% |
| WTI | 2022-04-29 | [Canadian dollar hits 7-week low - Business & Finance - Business Recorder](https://feedsoft.ai/events/42107-canadian-dollar-hits-7-week-low-business-and-finance-business-recorder.md) | +2.6% | +9.5% |
| WTI | 2021-01-25 | [Mexico peso hits 2-wk low after president tests positive for COVID-19 - Markets - Business Recorder](https://feedsoft.ai/events/49356-mexico-peso-hits-2-wk-low-after-president-tests-positive-for-covid-19-markets.md) | -0.2% | +17.9% |
| WTI | 2022-03-16 | [Palm extends losses - Markets - Business Recorder](https://feedsoft.ai/events/5497-palm-extends-losses-markets-business-recorder.md) | +15.4% | +4.3% |
| WTI | 2021-01-27 | [Latam FX sinks ahead of Fed; Chile central bank seen holding rates - Markets - Business Recorder](https://feedsoft.ai/events/49445-latam-fx-sinks-ahead-of-fed-chile-central-bank-seen-holding-rates-markets.md) | +4.1% | +20.2% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40211312

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