# TD Economics - Market Insight: When I Find Myself In Times of Trouble

> TD Economics said investors have flooded into the U.S. dollar as a safe haven, with the greenback up 16% since summer 2021. The Canadian dollar has weakened because Canadian households are vulnerable to rising rates, which may limit BoC tightening.

- Date: 2022-10-20 · published 2022-10-20T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/39354-td-economics-market-insight-when-i-find-myself-in-times-of-trouble
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Broad dollar strength raises the cost of dollar-priced commodities for importers and tends to weigh on global commodity prices. Equity bear market and rising yields also signal weaker risk appetite.

## Read by commodity

- DXY: bullish ▲
- USDCAD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-07-28 | [TD Economics - Market Insights: I Feel the Need, the Need for Speed](https://feedsoft.ai/events/40720-td-economics-market-insights-i-feel-the-need-the-need-for-speed.md) | -0.3% | +0.2% |
| DXY | 2022-09-28 | [Bank of England intervenes in market to halt economic crisis \| PBS News](https://feedsoft.ai/events/39832-bank-of-england-intervenes-in-market-to-halt-economic-crisis-pbs-news.md) | -1.8% | -1.5% |
| DXY | 2021-02-26 | [US Dollar Index (DXY) Surges on Market Selloff, Strong Economic Data](https://feedsoft.ai/events/10600-us-dollar-index-dxy-surges-on-market-selloff-strong-economic-data.md) | +0.7% | +1.9% |
| DXY | 2023-05-20 | [Indian rupee faces rout over acute shortage of dollar - The Economic Times](https://feedsoft.ai/events/36228-indian-rupee-faces-rout-over-acute-shortage-of-dollar-the-economic-times.md) | +0.7% | -0.7% |
| DXY | 2024-10-30 | [The US Dollar Is Rising on Renewed Confidence in the US Economy and Market Fluctuations Ahead of the US Election - Desjardins](https://feedsoft.ai/events/28118-the-us-dollar-is-rising-on-renewed-confidence-in-the-us-economy-and-market.md) | -0.2% | +1.6% |

## Sources

- economics.td.com: https://economics.td.com/ca-market-insight-times-trouble

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