# Canadian dollar gains as investors weigh high inflation expectations - The Globe and Mail

> The Canadian dollar strengthened against the U.S. dollar as Wall Street rallied and a Bank of Canada survey showed elevated inflation expectations, supporting further rate hikes. Business sentiment softened, with most firms expecting a recession.

- Date: 2022-10-17 · published 2022-10-17T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/39353-canadian-dollar-gains-as-investors-weigh-high-inflation-expectations-the-globe
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A stronger loonie and risk-on equity moves can ease pressure on dollar-priced commodities, though recession expectations point to weaker demand. The impact on feed markets is modest.

## Read by commodity

- WTI: neutral
- USDCAD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-11-28 | [Canadian dollar posts biggest decline in six weeks as China outlook weighs - The Globe and Mail](https://feedsoft.ai/events/38906-canadian-dollar-posts-biggest-decline-in-six-weeks-as-china-outlook-weighs-the.md) | +4.6% | +4.2% |
| WTI | 2019-10-21 | [Loonie rallies to three-month high as Canadians vote in general election](https://feedsoft.ai/events/56797-loonie-rallies-to-three-month-high-as-canadians-vote-in-general-election.md) | +5.2% | +7.1% |
| WTI | 2023-07-28 | [Canadian dollar hits 2-week low as rate hikes ‘begin to bite’](https://feedsoft.ai/events/35272-canadian-dollar-hits-2-week-low-as-rate-hikes-begin-to-bite.md) | +1.8% | -1.0% |
| WTI | 2025-11-12 | [US Dollar: Consolidation Persists While Risk Assets Rally Across Global Markets \| Investing.com](https://feedsoft.ai/events/22169-us-dollar-consolidation-persists-while-risk-assets-rally-across-global-markets.md) | +0.5% | -3.9% |
| WTI | 2022-08-29 | [Stocks And Bonds Sell Off, While The Dollar Rallies \| Investing.com](https://feedsoft.ai/events/40299-stocks-and-bonds-sell-off-while-the-dollar-rallies-investing-com.md) | -6.7% | -17.6% |

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/investing/markets/inside-the-market/market-news/article-canadian-dollar-gains-as-investors-look-to-central-bank-survey-for/

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