USDCAD Price: Canadian Dollar Drops Despite Positive GDP Data

Not enough comparable past events yet for a historical read.

After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.

• Nov 30, 2018Baystreet.ca - USD/CAD - GDP Could Boost Canadian Dollar+0.1%
• Jun 1, 2026Canadian Dollar falls despite solid jobs data as US NFP beat forecasts+3.5%
• Mar 1, 2019Canadian Dollar Slumps on `Gruesome' GDP and Sliding Oil Prices - Bloomberg-1.0%
• May 30, 2023Canadian dollar dips as oil prices fall more than 4%-0.4%
• May 31, 2018Oil Price Slides, Canadian Dollar Exchange Rates Side With It | Exchange Rates UK-5.1%

After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.

• Jun 1, 2026Canadian Dollar falls despite solid jobs data as US NFP beat forecasts+1.0%
• Mar 28, 2025Australian Dollar depreciates as US Dollar holds position ahead of PCE Price data-1.3%
• Feb 28, 2019USD/CAD – Canadian Dollar Dips, U.S. GDP Beats Expectations | Investing.com+0.8%
• Oct 31, 2022Canadian dollar slips to six-day low as oil prices fall - The Globe and Mail-0.1%
• Jul 30, 2025Canadian Dollar recedes after Fed rate hold — Octa-0.0%